Major cryptocurrencies surged on Thursday evening, propelling the global cryptocurrency market capitalization closer to the $2 trillion mark. What Happened: BTC recently achieved a $1 trillion market capitalization following the introduction of a spot ETF and growing optimism in the market. However, on Wednesday the price of BTC has shown less correlation with the inflow and outflow of spot ETFs compared to previous trends, as noted by JPMorgan. In a note to the bank’s clients on Thursday morning, analyst Ken Worthington revealed that the correlation between the two asset classes dropped to 0….
