According to the Buffett Indicator, the global stock market has entered a “bubble territory,” says Welt market analyst Holger Zschaepitz on Aug. 9. The recent correlation between Bitcoin and stocks could mean BTC is also at risk of a pullback.
Stocks have continuously rallied in recent weeks, buoyed by the surging appetite for risk-on assets. In the past month, the Dow Jones Industrial Average (DJIA) rose from 25,706 points to 27,433, by 6.7%.