More losses for Bitcoin’s price? S&P 500 may have its say soon!
- After a major dip, Bitcoin recovered somewhat with a daily hike of 6.75%
- Crypto could decline further if S&P 500 Index drops by predicted 5%
Since the inauguration of President Donald Trump and the subsequent trade wars, U.S markets have suffered significant losses across the board.
In the face of uncertain macroeconomic conditions and political issues, the U.S market is seeing a strong decline. As expected, these market conditions have considerably affected the wider crypto market, with Bitcoin dropping to its pre-election levels on the charts.
Source: X
These prevailing conditions have left stakeholders talking about Bitcoin’s trajectory and its reaction to U.S market volatility.
