Crypto correlation to stock market at 2-year high

Cryptocurrencies are showing increased correlation to the stock market (not great right now, of course), but that says a lot about how Wall Street is starting to view cryptos. The correlation (over 90 days) between the daily % returns of cryptos and the daily % returns of the S&P 500 is now 33%. 

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Fundstrat's Tom Lee argues that there's little correlation, even though crypto crashed at the same time that the stock market started to head south. 

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