Bitcoin has fallen on 92% of the U.S. stock market’s worst days since 2022, according to Sentora research that has challenged the case for treating crypto as protection against equity selloffs.
Summary
- Bitcoin fell on 92% of stocks’ worst days since 2022, while Ether declined on 95%.
- Ether underperformed Bitcoin on 79% of the worst equity sessions in the recent sample.
- U.S. trading hours accounted for 33% of Bitcoin’s price variation despite representing 17.1% of time.
- Weekly exchange inflows reached $3.09 billion for Bitcoin and $1.10 billion for Ether, Sentora said.
Sentora’s Nov. 13 research compared Bitcoin and Ether returns with U.S. stock indices…
