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BTC has reacted to fed news for a few years but you're right, it's tracking more now.
My guess is simply how much more mainstream it is in terms of % of trading done by institutions. The same sell pressures exist for BTC as well as traditional markets now.
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Consumer buyers / mainstream investors had loads of spare cash to splash - and now they don’t.
Stonehedge
Howard
@hugo7
Any thoughts on why btc has gone from no correlation to the markets, to being much more affected by them?