Former Bloomberg Analyst: Assets Against Market Trends are Worth Attention
Bitget2024/05/12 01:05
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Former Bloomberg analyst Jamie Coutts CMT stated on platform X that in the past month, the total market value excluding BTC and ETH has dropped by 11.8%. The Mkt structure in cryptocurrency is similar to stocks, when the market falls, dispersion decreases (correlation increases). Therefore, assets against market trends are worth paying attention to.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Crypto prices
More
Bitcoin
BTC
$83,446.46
+0.55%
Ethereum
ETH
$2,670.75
+0.35%
Tether USDt
USDT
$0.9995
-0.01%
BNB
BNB
$760.67
+0.63%
XRP
XRP
$1.5
+1.87%
USDC
USDC
$1.0000
-0.01%
Solana
SOL
$119.71
+2.52%
TRON
TRX
$0.3348
-0.01%
Zcash
ZEC
$1,420.17
+2.07%
Hyperliquid
HYPE
$86.28
+0.10%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now