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Despite its reputation as an unpredictable and risky asset class, crypto hasn’t been especially volatile in recent weeks.According to crypto market data provider Kaiko, Bitcoin’s 20-day volatility has come to equal that of the NASDAQ for the first time in two years. But while Bitcoin’s price has remained roughly the same since the start of September, both the NASDAQ and S&P have fallen 13% and 10% respectively since that time. Historically, Bitcoin has been tightly correlated with tech stocks, but with higher beta (volatility relative to the rest of the market)—thus defying it ...
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