According to @StockMKTNewz, Citigroup (C) saw its price-to-book ratio equalize at roughly 1.0 on Friday, marking the first time since September 2018 that investors value the bank at least at the sum of its parts; source: Bloomberg via @StockMKTNewz. This equalization indicates the market is valuing Citigroup’s equity at approximately its net asset value, removing the persistent sub-book discount that has characterized the stock in recent years; source: Bloomberg via @StockMKTNewz. For crypto traders assessing cross-asset risk tone, the development aligns with research showing crypto–equity correlations strengthened during 2020–2021, meaning improved U.S. bank equity sentiment has historically coincided with firmer digital-asset performance; source: International Monetary Fund (2022), Crypto Prices Move More in Sync with Stocks.