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Monday, November 14, 2022
Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App.
Let’s look at the bright side of the FTX-driven crypto crash to kick off what will likely be another long week for the industry.
There are probably two positives worth considering here.
First, the crypto crash has not spread over into the stock market. The S&P 500 is up 5.9% in the past five trading sessions compared with a 19% drop for bitcoin. Why is this you ask? Simple. The rout is not as huge as the headlines suggest.
“We think Bitcoin and ETH remain a too small part of the market to cause broader financial market contagion, with a total crypto market cap size of $890 billion vs $41 trillion for U.S….
This article was written by and originally published on finance.yahoo.com