According to @StockMKTNewz, the New York Stock Exchange is 233 years old, which aligns with the NYSE’s founding on May 17, 1792 under the Buttonwood Agreement, making 2025 its 233rd year, source: @StockMKTNewz; NYSE. The NYSE remains the world’s largest stock exchange by listed market capitalization, underscoring its role as a primary risk benchmark for global assets that crypto traders monitor, source: World Federation of Exchanges. For crypto markets, BTC’s correlation with U.S. equities rose materially after 2020, with the IMF documenting a return correlation around 0.36 and a volatility correlation near 0.59 during 2021–2022, linking crypto risk more closely to equity cycles, source: International Monetary Fund. Intraday, BTC-USD liquidity and trading volumes tend to concentrate during U.S. market hours overlapping with the NYSE session, which can affect slippage and spreads for BTC and ETH execution, source: Kaiko. These cross-asset linkages and time-of-day liquidity patterns inform crypto risk management around the NYSE open and close as well as major U.S. data releases, source: Kaiko; Federal Reserve.

According to @adriannewman21, bears need a clear rationale for why crypto would decouple from the broader stock market and he questions the current fundamental strength of the S&P 500, which puts the focus on how BTC and ETH beta to equities may shift, source @adriannewman21 on X. Kaiko documented that BTC to U.S. equities correlations surged to cycle highs in 2022 and then eased through 2023, implying that any new decoupling thesis requires fresh catalysts beyond the prior cycle, source Kaiko market research 2022 to 2023. Traders can validate or fade a decoupling view by tracking 30 to 90 day rolling correlations between BTC or ETH and the S&P 500 and by watching FOMC policy signals that often drive cross asset beta, sources CME Group education on correlation and Federal Reserve FOMC statements. To assess whether equities may be the weak link rather than crypto, monitor S&P 500 earnings revisions breadth and forward EPS trends that shape risk appetite, source FactSet Earnings Insight.