Viewpoint: The correlation between Bitcoin and US stocks may be a false impression created by market makers.

DailyNews

2025-04-05 02:36:09

BTC-0.47%

Golden Finance reports that Bloomberg analyst James Seyffart posted on social media, stating that the resilience of Bitcoin is indeed astonishing. It is unexpected that in such a market where risk assets are being broadly dumped, it can still hold above $80,000, while even gold is falling. In response, Adam Back, co-founder and CEO of Blockstream, stated that the so-called interconnectivity is probably just an illusion, likely a false correlation created by market makers taking advantage of the liquidity shortage of fiat in the Bitcoin market, especially evident during the opening hours of the U.S. market.

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