Decoupling: Stock Markets Tapping New Highs Last Week but BTC and ETH Suffer

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The cryptocurrency industry is often described as a risk-on asset class that tends to underperform in times of economic uncertainty.

The Nasdaq Composite has been on an even more impressive run, soaring by 19.8% since the start of the year and charting a peak of its own at nearly 18,000 this week.

 

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