ECB: Correlation between Cryptocurrencies and the stock market are high
Wed, May 25, 2022 3:49 PM

ECB: Correlation between Cryptocurrencies and the stock market are high

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European Central Bank (ECB) pointed out the correlation between cryptocurrencies and the stock market to the consumers and investors. The correlation was at its peak during March 2020, December 2021, and May 2022, when the market faced high stressful conditions and witnessed high sell-offs. The ECB advised people against adding cryptocurrency to their investments portfolio.

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