Bitcoin (BTC) and Ethereum (ETH) are exhibiting signs of decoupling from U.S. stock markets, according to Mike Alfred, founder of Alpine Fox LP. On May 11, Alfred highlighted that the divergence is primarily due to valuation differences, with BTC and ETH perceived as undervalued compared to overvalued U.S. equities. This trend counters the common attribution to specific news events or trading activities on certain platforms.
Bitcoin and Ethereum Decouple from U.S. Stocks Amid Valuation Disparities
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