Cryptocurrencies rose this week even as U.S. equities briefly retreated from their new year rally and a major crypto lender submitted a long awaited bankruptcy filing.
Bitcoin was last higher by about 12% for the week, according to Coin Metrics, while ether has risen 14%.
The S&P 500 and Doe Jones Industrial Average were last down 0.9% and 2.9%, respectively, for the week.
Bitcoin and ether rose 2.73% and 2.15%, respectively, in the same four-day period.
"Bitcoin seems to be trading along with the Nasdaq and risk assets again, after the past months of decoupling," said Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs.