- Bloomberg Intelligence said the cryptocurrency market could be vulnerable because of its high correlation with the stock market and greater volatility.
- Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said the cryptocurrency market is in what he called a “Catch-22.”
- He said cryptocurrencies could post deeper losses if stocks fall, while high volatility could remain a burden even when equities rise.
Forecast Trend Report by Period
The cryptocurrency market may be vulnerable regardless of the direction of stocks because it is highly correlated with equities while also being more volatile, according to Bloomberg Intelligence.
On September 20, Mike McGlone, Bloomberg…
