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Anndy Lian: Crypto market capitalization drops as Bitcoin leads selling

Anndy Lian: Crypto market capitalization drops as Bitcoin leads selling
Crypto market capitalization drops as Bitcoin sells

Anndy Lian reports that the total crypto market capitalization declined by 1.11% to $2.22 trillion, with Bitcoin driving the selling momentum.

According to Lian, digital assets are now showing a 63% correlation with the S&P 500 and a 68% correlation with gold. He suggests this reflects crypto's evolving role as a mature macroeconomic asset class.

Earlier this week, Lian reported that Bitcoin fell 6.09% to $66,867.60 as institutional funds exited digital assets. In a separate analysis, he stated that Elon Musk’s net worth was $1.2 trillion, amounting to 3% of nominal U.S. GDP. These observations come as market participants weigh digital asset performance alongside traditional financial benchmarks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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