Before the release of the US CPI, the relationship between the cryptocurrency market and Nasdaq turned positive. The 90-day correlation coefficient between the total market capitalization of the crypto market and Nasdaq increased from -0.12 to 0.74 in 4 weeks, reaching The highest level since early November. Observers expect that the U.S. CPI report on Tuesday (February 14) is expected to show continued deflation in the world’s largest economy, which means that the crypto market is once again developing in tandem with technology stocks. On a day when tech stocks move higher, cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) are likely to move higher as well. Conversely, losses in tech stocks could drag the cryptocurrency market lower. (CoinDesk)