Just because both crypto and the stock market crashed during a global pandemic that does not mean they are suddenly correlated.

Crypto is non-correlating to the stock market. It is NOT a negative correlating to the stock market.Negative correlation to the stock market would mean bitcoin goes up when the stock market goes down. That is not the case for crypto and the stock market, for the most part they make moves independently but sometimes have correlation during a major events like a global pandemic. In this case a global event has caused almost ALL markets to crash. The only safe haven would be negative correlating assets of which crypto is not.More on non-correlating assets: https://ift.tt/2TYjV4t crypto fundamentals have not changed. Once the panic is over expect the fundamentals to be a driving factor of price. See these fundamental reports on digital assets: https://ift.tt/2TtYNEE

Submitted March 20, 2020 at 11:00PM