Crypto market increasingly decoupling from US stocks, analysis shows

The decoupling between the cryptocurrency market and the U.S. stock market is deepening, CoinDesk reported. The outlet noted that Bitcoin (BTC) has continued a bearish trend, falling to its lowest level since April after failing to break through $83,000. This weakening correlation between crypto and U.S. stocks has become more pronounced recently, potentially because the crypto market has not fully recovered from the large-scale leveraged liquidations that occurred last October. CoinDesk also pointed to mixed signals in the derivatives market, explaining that while BTC's implied volatility has significantly decreased, a heightened preference for short-term put options suggests that investor sentiment has not fully improved.