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Odd Lots

Bitcoin Is Underperforming Ethereum While the Crypto Market Is Diving

This is a bit of a flip.

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Crypto Report: Bitcoin Falls, Altcoins Extend Losses

One of the things we’re obviously learning right now is that there’s no decoupling going on between crypto and the overall market. As stocks decline — particularly high growth and tech — the coins are tumbling as well. There’s no diversification here.

Of course that’s somewhat old news. It’s been clear for a while that the coins basically act like a high beta QQQ.