As bitcoin keeps falling, an S&P 500 correction could be

Jul 8, 2024 · The recent weakness of bitcoin could signal an imminent correction of the S&P 500 in the summer, as the two assets often trade in tandem, according to Barry Bannister, …

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As Bitcoin Keeps Falling, An S&P 500 Correction Could Be Close …

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As bitcoin keeps falling, an S&P 500 correction could be close behind Bitcoin is down 23% from an all-time high, but S&P 500 is on pace for another record close Published: July 8, 2024 at …

marketwatch.com

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As Bitcoin Keeps Falling, An S&P 500 Correction Could Be Close …

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Jul 9, 2024 · Bitcoin is down 23% from an all-time high, but S&P 500 is on pace for another record close. The recent weakness of bitcoin could signal an imminent correction of the S&P 500 in …

equity-insider.com

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Bitcoin Weakness Flags ‘imminent Summer S&P 500 Correction

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Stifel and his colleagues note that bitcoin has struggled to recapture an all-time high it reached in March. The cryptocurrency was trading around $66,012 on Thursday, more than 10% below …

msn.com

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Bitcoin Could Fall 17% From Current Levels Once This Key Support …

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1 day ago · S&P 500 Live; Nasdaq Live; ... Bitcoin could fall 17% from current levels once this key support level is breached, Standard Chartered says ... If a correction does take bitcoin to the …

businessinsider.com

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Why Bitcoin May Have Upper Hand If S&P 500 Crashes

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The Bloomberg analyst added that Bitcoin "is showing comfort" above $60,000 — and its underpinnings could improve further if Tesla's stock price has now peaked. The electric …

coinmarketcap.com

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Bitcoin Slides With S&P 500 As Fed Signals Tapering ... - Cointelegraph

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Aug 19, 2021 · The pair’s plunge appeared as a part of a technical correction that started after it had reached a three-month high of $48,176 on Saturday, following a 64.42% price rally. …

cointelegraph.com

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Is Bitcoin Due For A Major Correction? JPMorgan Predicts Drop To ...

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Feb 29, 2024 · Bitcoin’s price—above $63,000 on Thursday—has reached heights not seen in two years, but the coin’s upcoming halving event could push prices down to $42,000, …

yahoo.com

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Looming Bitcoin Correction Could Cut Value More Than 50

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Apr 21, 2021 · He said Bitcoin could fall into a range of $20,000 to $30,000 from its current price of about $56,000. "What the Smart Money Says About Bitcoin," Newsweek magazine cover, …

newsweek.com

FAQs about As bitcoin keeps falling, an S&P 500 correction could be Coupon?

Could bitcoin signal a correction of the S&P 500?

The recent weakness of bitcoin could signal an imminent correction of the S&P 500 in the summer, as the two assets often trade in tandem, according to Barry Bannister, managing director and chief equity strategist at Stifel. Bitcoin has been down six of the past seven days as of Monday. ...

Will the S&P 500 be flat after Bitcoin peaks?

Their chart above shows that after bitcoin peaks, the S&P 500 tends to be flat six months later, with other past cycles pointing to a drop in the index. They note bitcoin has fallen to over $66,440 currently from a $73,157 high in March. ...

Could bitcoin weakness flag a stock-market correction?

Bitcoin weakness could be flagging a stock-market correction, says Stifel's chief equity strategist Barry Bannister and his team. Their chart above shows that after bitcoin peaks, the S&P 500 tends to be flat six months later, with other past cycles pointing to a drop in the index. They note bitcoin ...

Could bitcoin be a summer correction?

However, the often strong correlation between bitcoin and stocks in the past could point to “an imminent S&P 500 summer correction,” noted Bannister. ...

Will the S&P 500 see a correction soon?

As bitcoin tumbled, Bannister is bearish on stocks, expecting the S&P 500 to see a correction soon. A correction usually refers to a market decline that is more than 10%, but less than 20%, from a recent high. ...

Is bitcoin a summer correction & consolidation phase?

“Excess liquidity in the wake of the large COVID hand-outs…has caused bitcoin to correlate with the Nasdaq-100 since 2020, but recently the weakening of bitcoin signals an imminent S&P 500 summer correction and consolidation phase,” they said. ...