Daily Thoughts: It is worrying that crypto has not rebounded with the stock market

Here is a graph comparing the price of ETH to the S&P, as you can see they tend to move together.

And again over the last week, the stock market fell and as expected Crypto went with it. What is more worrying is that in the last 2 days the stock market has recovered over half of it's losses while crypto has recovered less than 20% of it's.

What does this mean? Maybe it is just crypto reacting late as it is less liquid than the general markets, so it could be an opportunity.

On the other hand it could be the market making a fundamental revaluing of Crypto, in that case be ready to see them diverge more.

For me I am keeping my investments as they are.

What are your thoughts?

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Bitmex

Deribit

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OKEX

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Disclaimer

Please do not invest on the advice of a stranger on the internet, only use this advice here as a starting point for your own research, and then if you choose to invest please only invest an amount that you can afford to lose.

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