According to the Buffett Indicator, the global stock market has entered a “bubble territory,” says Welt market analyst Holger Zschaepitz on Aug. 9. The recent correlation between and stocks could mean BTC is also at risk of a pullback.
Stocks have continuously rallied in recent weeks, buoyed by the surging appetite for risk-on assets. In the past month, the (DJIA) rose from 25,706 points to 27,433, by 6.7%.
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