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Crypto Keeps Falling on FTX Fallout -- Will It Recover?

Crypto Keeps Falling on FTX Fallout -- Will It Recover?

Throughout much of 2022, cryptocurrency investors bemoaned the fact that prices of digital assets were highly correlated with the stock market. As major stock indexes fell into extended bear markets, crypto investors seemed to hope that prices of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other cryptocurrencies would break away from downturns in the stock market and assert their independence.