Crypto correlation to stock market at 2-year high

[LAOIL + 33]

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%. 

[TraderTate + 186]

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.