Mike Alfred: BTC and ETH are showing a trend of decoupling from US stocks, mainly due to valuation differences rather than specific news events

Foresight News reports that Mike Alfred, founder and managing partner of Alpine Fox LP, tweeted that BTC and ETH are currently showing signs of decoupling from US stocks. Many people may attribute this to specific news such as the Clarity Act bill or the trading behavior of certain exchanges, but the underlying reason is much simpler: BTC and ETH are currently undervalued, while many US stocks are overvalued.