#Crypto market pullback

On January 30, PANews reported that JPMorgan analysts found that the correlation between BTC (Bitcoin) and small tech stocks reached its highest peak, especially in the Russell 2000 technology zone. This correlation has had a positive impact on the technology market, both during sales and purchases. Analysts point out that since the start of the disease outbreak, the relationship between the digital currency market and the stock market has continued positively, influenced by institutional investors' investments and technological trends. In addition, the correlation between BTC and small-tech stocks is high, which is due to the digital currency industry tending to invest in risk and innovation, which generally occurs in small tech companies rather than large companies in the industry. Morgan Stanley paid special attention to the relationship between BTC and tech stocks that will grow in importance during periods of significant tech market adjustment, such as 2020, 2022, and 2024, confirming confidence in the strong relationship between digital currencies and the tech industry.
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