The correlation between crypto assets & equities
00:00 Speaker A
Bitcoin trading around the $85,000 level and the weakness rippling across stocks tied to the industry.
00:08 Speaker A
Microstrategy, Coinbase, Robinhood, all closing sharply lower. Joining me now is Owen Lau, Clearstream managing director and senior analyst. And we were just talking in the break how significant this slide in Bitcoin is. We’re now down 9% since the start of the year. What do you attribute this slide to?
00:35 Owen Lau
Yeah, there are a couple of reasons. So let’s go back to October 10th. So there was a massive liquidation in the crypto space. The amount was about $19 billion, and then since then, the liquidity has dropped quite dramatically. If you talk about today’s…
