Are crypto-related equities more correlated to bitcoin?
Could you elaborate on the potential correlation between crypto-related equities and Bitcoin? Is there a significant relationship between the performance of these stocks and the price fluctuations of Bitcoin? Do investors often view them as a proxy for the broader cryptocurrency market? Are there any specific factors that contribute to this potential correlation, such as shared risk factors or the influence of Bitcoin's dominance in the crypto space? Furthermore, does this correlation tend to be stable over time, or does it vary depending on market conditions?