S&P 500 Dips, But Fear Not, Bitcoin’s Still Here! 🌈💸

by

What to know:

  • The S&P 500 has entered correction territory, down 10% from its all-time high, with past 20% corrections occurring in 2009, 2019, 2020, and 2022.
  • Bitcoin has fallen 30% from its peak, a typical pattern in past bull market corrections, including the most recent one in August 2024 during the yen carry trade unwind.

Well, folks, it seems like the S&P 500 has taken a little tumble, down 10% from its all-time high. But don’t you worry, because Bitcoin’s still here, and it’s been through this rodeo before! 🤠

Since the birth of Bitcoin in 2009, the S&P 500 has experienced multiple 20% corrections. After the 2008 global financial crisis, the index plunged nearly 60%. In 2019, amid bitcoin’s bear market, the S&P 500 declined by 20%, with bitcoin falling as much as 85% from its all-time high. The covid-19 crash in March 2020 saw the index drop almost 40%, while bitcoin shed 60% of its value. Most recently in 2022, the index corrected by 25%, and bitcoin bottomed out one month later after dropping by a further 25% to a cycle low of $15,000.

Historically, 10% corrections in the S&P 500 have been common. Meanwhile, bitcoin has dropped 30% from its all-time high during this correction. Looking at past bull market corrections, such declines are a normal occurrence, with the most recent 30% correction happening in August 2024 during the yen carry trade unwind.

Read More

2025-03-14 14:21