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S&P 500 opened down 3.6%, threatening top 10 all-time drop as Bitcoin attempts $82k hold
The global markets have been experiencing a tumultuous period, with the S&P 500 index opening down 3.6% today, sparking concerns of a potentially catastrophic event. The news has caused a ripple effect across the crypto market, with Bitcoin attempting to hold its ground at around $82,000.
As the world continues to grapple with the devastating impact of inflation and economic instability, the S&P 500’s drastic plunge has sent shockwaves through financial circles. While it is essential to acknowledge that this downturn may be attributed to various factors, including recession fears and the ongoing pandemic, a more pressing concern arises: what will happen next?
With Bitcoin trading around $82,000, investors are left wondering whether the cryptocurrency can withstand the pressures of such market volatility. It’s no secret that Bitcoin has historically demonstrated resilience in times of global financial turmoil, but this current episode poses an existential threat to its stability.
As we delve deeper into the situation, it becomes clear that Bitcoin is not immune to the economic storm engulfing our world.
Source: https://cryptoslate.com/insights/sp-500-to-open-down-3-6-threatening-top-10-all-time-daily-drop-as-bitcoin-attempts-82k-hold/
