“The crypto sell-off has two components,” Genesis Trading Head of Market Insights @NoelleInMadrid says. Bitcoin “does tend to move in line with sentiment. ... [And] there was some concern that some of tether’s backing was going to be Evergrande commercial paper.”

8:24 PM · Sep 20, 2021

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Crypto curries and the stock market are correlated with crypto being more volatile. Both are totally based o sentiment at this point because crypto has no fundamentals and the stock markets valuation shows it has become untethered from fundamentals.
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