It is becoming a more common occurrence: When stocks fall, so does bitcoin
.
responding to investor worries about how a series of expected Federal Reserve interest-rate increases“Cryptocurrencies are no longer an isolated risk asset and are responding to changes in global policy,” said Clara Medalie, research director at cryptocurrency market data provider Kaiko. “It’s not surprising that both will start to become more volatile as the liquidity taps turn off.”
That side-by-side movement has fluctuated over time, with long stretches when bitcoin and other cryptocurrencies move according to their own impulses. Some analysts suggest that selloffs among popular tech stocks could prompt investors to liquidate positions in their crypto holdings to limit overall losses and meet margin calls, demands from brokers to post cash to cover possible losses on trades made with borrowed money.
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