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Just noticed stocks are finally reacting to what bitcoin already priced in weeks ago. BTC had that crash down to $60k, and now equities are following suit as bond yields keep climbing. It's like the stock market is playing catch-up to crypto's earlier moves.
The correlation makes sense when you think about it - higher yields make risk assets less attractive across the board. Bitcoin felt it first, but traditional markets are getting hit with the same pressure now. Interesting to watch how these two move together when macro conditions shift.
We're currently seeing BTC around $74k, so the earlier dip is already in the rearview. But this pattern of crypto leading and stocks following? That's something worth paying attention to if you're watching both markets.