Crypto Market vs Stock Market: Exploring an Interesting Relationship
Too Long; Didn't Read
The FED hiked the discount rate on December 14 last year. Since that day, it has become 4.5%. The stock market reacted to this with a decrease of ~7%. Like the stock market, cryptocurrency declined. The price of BTC decreased from $18,400 to $16,250. But is it possible to argue about a directly proportional relationship? Probably not.