Why Crypto Is Starting to Trade Like a High Beta Tech Stock Again
Crypto was once sold as a financial outsider. was framed as protection against inflation and monetary excess. was positioned as the foundation of a parallel digital economy. For years, investors believed these assets could move on their own terms, detached from Wall Street cycles.
That separation is fading. Recent market behavior shows crypto moving increasingly in step with U.S. equities, especially growth and technology stocks. When the climbs, Bitcoin and major altcoins often follow. When bond yields rise and equity valuations compress, crypto tends to fall even harder. Instead of acting as a hedge or alternative system, crypto is starting to resemble a leveraged version of the broader risk trade.
