Standard and Poor's 500 (S&P 500)

The contagion effect between US stocks and Bitcoin is likely to cause further ripples. The recent drop in the S&P 500's performance below its 50-day moving average is already leading to growing nervousness among investors, which could have repercussions on the crypto market. How will this development affect Bitcoin? This article examines the potential impact of the S&P 500's fluctuation on the flagship cryptocurrency.

It is traditionally accepted that Bitcoin (BTC) maintains a relationship with the stock market in terms of movement. If this link remains, a crypto expert reveals that it is not as strong as commonly believed. He especially notes that Bitcoin's correlation with the S&P 500 is now negative.

Stock Market: Alphabet and Amazon Could Follow Meta's Lead and Announce Their First Dividends This Year, According to Goldman Sachs.

The S&P 500 lost $500 billion in just 5 minutes, after Powell declared that a rate cut by the Fed is unlikely.

S&P 500 toward 5,000, Bitcoin in precarious balance: the great show of the American financial market.

Financial markets remain dependent on liquidity. While indices have regained significant valuation, markets are betting on a relaxation of interest rates.