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Mill Street Research
millstreetresearch.com
did:plc:dmgmqejn7wvrxhe3dzjik7sp
Crypto assets, however, have not recovered. Bitcoin is still below $90K and -30% below its peak.
Ethereum peaked earlier (August) and is down about -40%.
So while stocks and crypto are significantly correlated day-to-day, the cumulative returns have diverged: stocks have earnings and crypto doesn't
2025-11-26T17:01:06.913Z