Quote from: 1Excalibur on June 12, 2020, 11:54:16 AM

Quote from: TimeWarped on June 12, 2020, 11:51:48 AM

Quote from: 1Excalibur on June 12, 2020, 11:48:16 AM

during previous crises the S&P 500 bounced by 15-25% and then returned to a downtrend. If the index now demonstrates the same trend, it will go into a phase of falling from a mark of 2960 points.

but why Bitcoin Depends on the S&P 500?

In recent months, the digital money industry has been highly dependent on the stock market. The price of digital assets fell and grew along with stock quotes, which was especially evident in early March. One of the reasons is that investors in bitcoin and other coins fixed their positions in order to compensate for losses from investments in traditional assets.

Another possible reason is the fluctuation of the dollar. The US currency is considered one of the safest assets, which is why investors transfer capital to it during market uncertainties.