How Will Stock Market Correction Affect Cryptocurrencies?

How Will Stock Market Correction Affect Cryptocurrencies?

The US stock market is going through a period known as a “correction.” Since peaking on January 26, US stocks have dipped 10%, with the benchmark S&P 500 closing 10.4% below its record high. Pressure to sell ramped up this week, as trading strategies that had bet on low volatility imploded. Cryptocurrencies like Bitcoin have fared even worse, down nearly 28% since US markets began their slide in late January.

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