BTC stops falling + global stock market rebounds, is market sentiment warming up?

Question

On December 2nd, the wave of global asset dumping finally eased, the stock market began to recover losses, and BTC also stabilized.

The S&P 500 futures rose by 0.3%, which can be seen as a recovery from the crash on Monday – it's worth noting that that drop directly interrupted the strongest week of gains since May. European and Asian stock markets also followed suit and moved up. The tech stocks showed an even clearer trend, with the Nasdaq 100 futures jumping by 0.4%.

This time, the Bitcoin stop of the decline is actually quite crucial, to some extent, it has set a bottom for market sentiment. It now appears that the linkage between the cryptocurrency market and traditional finance is becoming increasingly tight.

BridgeNomad · Accepted Answer

nah tbh the correlation thing is what keeps me up at night... remember when bridges were supposed to be *independent* liquidity channels? now we're all just watching the same dominoes fall together 💀

SmartContractRebel · Answer

The stock market rebound means BTC also has to dance along, this correlation is really becoming more apparent.

Another day of TradFi setting the pace.

Stopping the fall does not equal a rebound, don&#39;t be too excited.

When TradFi sneezes, the crypto world catches a cold, it&#39;s really uncomfortable.

Can a 0.4% rise in Nasdaq be called an increase? Anyway, BTC has to listen to it.

Can we trust this bottom? It fell big on Monday.

A close correlation means there’s no hedging attribute anymore, ironic.

S&P rises 0.3% and they pop the champagne, really bold.

The key is still whether it can hold over the weekend, will there be another round on Monday?

LucidSleepwalker · Answer

Rebound is all fake, right? Let&#39;s wait a bit longer.

Blockblind · Answer

The stop of the fall does not equal a rebound, don&#39;t get too excited, let&#39;s see how long this rebound can last.

staking_gramps · Answer

It rebounded again, can it hold above this time?

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Bitcoin has held above, traditional finance is following the hype, really can&#39;t tell who is saving whom.

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But with only a 0.3% rise, what’s there to brag about?

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The correlation is getting tighter, is this really the bottom? I&#39;m a bit anxious.

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Still the same old story, when it falls, it falls together, when it rises, it has to rise together too, it&#39;s a trap.

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The Nasdaq pumped 0.4%, what&#39;s there to say? Let&#39;s talk again when it rebounds properly.

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Stop falling ≠ rebound, don&#39;t be so optimistic.

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Feels like another false move of rebound, just wait and see.

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Market sentiment warming up? I think it&#39;s just a temporary breather, don&#39;t rush to enter a position.

GateUser-26d7f434 · Answer

The crypto world is too closely tied to the stock market; how can it have an independent market like this?