Crypto Markets Analysis: Crypto Trades Lower as Regulatory Concerns Trump Encouraging Macro Signs

The BTC chart has highlighted its decoupling from traditional assets so far this month, as its correlation with the S&P 500 and Nasdaq fell from a high of 0.77 to a current level of 0.44 and 0.36. . Stock markets accepted the encouraging jobs data, but cryptocurrency prices seemed weighed down by concerns about possible new participation regulation.