Cryptocurrency News
Crypto volatility may soon recede despite high correlation with TradFi
2022.08.31 19:05
Crypto volatility may soon recede despite high correlation with TradFi
After forging a minor recovery of sorts earlier this month, the crypto market has returned to exhibiting high levels of volatility over the past two weeks. This trend has pervaded the market since late last year, with the total market capitalization of the digital asset industry having dipped from an all-time high of $3 trillion back in November 2021 to its current levels of $1.08 trillion, representing a drop of over 65%.
This then begs the question: Especially since the macroeconomic conditions surrounding the global finance sector have continued to deteriorate steadily since 2020 — i.e., following the start of the COVID-19 pandemic.