@phoenixess
The cryptocurrency market's total market capitalization has significant fluctuations. Its correlation with global stock markets is complex. In some cases of economic stress, it may show a negative correlation as investors seek alternative assets. However, in periods of overall market optimism, there may be a positive correlation. Regarding its role as a hedge asset, it has shown some potential in hedging against certain economic risks, but it is still not as widely recognized as traditional hedge assets like gold.
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