Nowhere to hide as cryptocurrency rout continues

[Jamie McKane]

Nowhere to hide as cryptocurrency rout continues

Bitcoin’s ties to other cryptocurrencies are becoming suffocating in the rout.

Digital coins are famously uncorrelated to other assets but they’re highly correlated with each other. That lifted the whole market up last year, but this year it means they’re all falling together, leaving crypto investors with little refuge.

[Bloomberg]

 

[supersunbird]

Slel, Hodl or Byu?

 

[krycor]

Depends on your longer term view on the dollar..

 

[MrGray]

Hmm... I wouldn't call it a rout, at least not as far as BTC is concerned. Yes, it spiked last week, but it's actually back at more to less the same level it was at for most of the last month, and it's been lower at several points in the past year.