The Curious Case of the BitClout Bonanza
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The trend is your friend (until the end when it bends). If 2020 cycles are any indication, there has been a structural shift in how Bitcoin is defined as an asset class, and how it’s correlated to other traditional assets. Since the liquidity crunch of March 2020, a sharp correction in intra-day correlation often coincides with an uptrend in BTC price. This year, the BTC-stock market tango points to the crypto king’s increasing entanglement with the world of traditional finance — until recently. Will this decline herald another bull drive?