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A comment on Coinbase Announces 18% Layoffs. Parent comment

Re:Coinbase Announces 18% Layoffs by melling on Tuesday June 14, 2022 @08:25AM (#31738209)
Raising rates has a lagging effect. That results in the economy won’t be felt until next year.

One of the benefits of crypto was supposed to be that it was uncorrelated to the market, etc.

“Money” shouldn’t change in value so quickly.

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Re:Coinbase Announces 18% Layoffs by matwood on Tuesday June 14, 2022 @08:37AM (#31738396)
> One of the benefits of crypto was supposed to be that it was uncorrelated to the market, etc.

Crypto may or may not have its own issues, but all assets tend to suffer 'correlation breakdown' during market volatility.

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