Are equity and debt markets cointegrated with the global cryptocurrency market?
Good afternoon, I'm curious about the relationship between traditional financial markets and the global cryptocurrency market. Could you please elaborate on whether equity and debt markets exhibit any form of cointegration with the cryptocurrency market? How do fluctuations in these traditional markets impact the value and volatility of cryptocurrencies, and vice versa? I'm particularly interested in understanding the underlying mechanisms and dynamics at play. Thank you for your insights.