Crypto Markets Analysis: Flat price action and mild volume took a turn after bitcoin and ether declined sharply late Thursday night. GWilliamsJr_CMT reports
) prices fell sharply late Thursday as over $62 million in BTC long positions were liquidated during the Asian overnight trading session.
Volatility waned slightly over the same time period, with the Average True Range falling 5% for bitcoin and 2% for ether. Correlations between crypto and traditional financial assets have loosened as well, with the correlation coefficient between BTC, ETH, and the S&P 500 sitting at -0.15. Stacks was the standout on the week, with its price advancing 15% over the most recent seven days, and 290% year-to-date.
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