S&P 500 Enters Correction Territory, What Does this Mean for Bitcoin?

The S&P 500 HAS NOW ENTERED CORRECTION TERRITORY, DEFINED As A 10% Decline from Its All-Time High. A Further 10% Drop Wuld Signal A Bear Market. But is it time to panic? Since Bitcoin’s Creation in 2009, The S&P 500 Has ExperienCed Multiple 20% Corrections.

Following the 2008 Global Financial Crisis the Index Had Plunged Nearly 60%. In 2019, Amid Bitcoin’s Bear Market, The S&P 500 Declined by 20%, Bitcoin Fell As Much As 85% from from Its All-Time High. The Covid-19 Crash in March 2020 SAW The INDEX DROP ALMOST 40% with BITCOIN SHEDDING 60% OF ITS VALUE. MOST RECENTLY IN 2022, The Index Correted by 25%, Bitcoin Bottomed Out One Month Later After Droping by a Further 25% to a Cycle Low of $ 15,000.

James van stratenJames Van Straten Is A Senior Analyst at Coindesk, Specializing in Bitcoin and Its InterPlay with the Macroconomic Environment. Previously, James Worked As A Research Analyst at Saidler & Co., A Swiss Hedge Fund, WHERE HE DEVELPED Expertise in On-Chain Analytics. His work focuses on monitoring flows to Analyze Bitcoin’s Role with the Broader Financial System. In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin, Microstrategy (MSTR), and Semler Scientific (SMLR).

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