The S&P 500 has now entered the correction territory, defined as a 10% drop in its top of all time. An additional decrease of 10% would point out a lower market. But is it time to panic? Since the creation of Bitcoin in 2009, the S&P 500 has experienced several 20%corrections.
After the 2008 global financial crisis, the index had plunged almost 60%. In 2019, in the middle of the Bitcoin bear market, the S&P 500 decreased by 20%, Bitcoin dropped up to 85% of its top of all time. The COVVI-19 accident in March 2020 saw the index drop by almost 40% with bitcoin to lose 60% of its value. More recently, in 2022, the index corrected 25%, Bitcoin has the bottom a month later after falling an additional 25% to a cycle of $ 15,000.
Historically, 10% corrections in the S&P 500 were common. Meanwhile, Bitcoin dropped 30% of its top of all time during this correction. By examining the bullish market corrections passed, these decreases are normal, with the most recent correction of 30% in August 2024 during the Transport Transport of the Yen.
