For years, Bitcoin and crypto have long been regarded as independent assets, detached from traditional financial markets. However, a research report by Grayscale, a prominent digital asset investment firm, uncovers a significant transformation in this paradigm over the past three years. The report delves into the evolving correlation between BTC and macroeconomic trends, revealing how the once-isolated market now intertwines with broader market indicators.

Dawn Of A New Era For Bitcoin And Crypto

In the past, Bitcoin and crypto operated in relative isolation from traditional markets, showing little correlation with equities or currencies. This scenario began to shift with the advent of the COVID-19 pandemic, which acted as a catalyst for changing dynamics.

Grayscale’s research …