Historical trends suggest
Bitcoin
may have hit its bottom after a year long bear market and be poised to rally. But the correlation between cryptocurrencies and the stock market means it may not matter—and cryptos could be vulnerable to more losses.
While the largest crypto has soared 40% since the start of 2023, that belies what a bad stretch Bitcoin has had: Down two-thirds from its late-2021 high as the total market capitalization of digital assets fell to $1.1 trillion from nearly $3 trillion.
