S&P 500 Broke a Record While Bitcoin Crashed! Why is the Cryptocurrency Market Stagnant? (Attention: Experts Light the Fuse!)
5 weeks of nightmare for Bitcoin investors! While Bitcoin lost almost 20% of its value in the last 5 weeks, the S&P 500 stock market broke a record! S&P 500, which rose 5.4% in the same period, literally slapped the cryptocurrency market.
So, what's going on? Why is the cryptocurrency market mired in recession?
Santiment analysts are also looking for the answer to this question. In the last 3 years,#Bitcoinand stock market indices were generally moving in the same direction. But this recent disconnect surprises experts.
However, is there hope for the cryptocurrency market?
Santiment analysts believe that the cryptocurrency market will soon join the upward trend. One of the most important factors that will trigger this rise is seen as the launch of Ethereum spot ETFs in the USA.
When do you think the cryptocurrency market will recover? Share your predictions in the comments!
Attention! This is not an investment advice. Make your investment decisions based on your own research.