BTC Can Fall Another 20% Due to Its Correlation With S&P 500

CoingapePublicado a 2022-09-14Actualizado a 2022-09-15

Resumen

Bitcoin’s price crash came alongside that of the S&P 500 dropping 4.5% and slipping under $4,000.

Following the higher-than-expected CPI inflation data on Tuesday, Bitcoin and the broader crypto market witnessed a sharp fall. Currently, Bitcoin is trading at 8.4% over the last 24 hours holding just above its crucial support of $20,000.
Bitcoin’s price crash came alongside that of the S&P 500 dropping 4.5% and slipping under $4,000. As on-chain data provider Santiment explains:
After a brutal #CPI report on disappointing inflation news Tuesday, #Bitcoin fell alongside the #SP500‘s biggest daily drop in two years. The correlation between the sectors remains high, and #crypto typically thrives best with zero #equity reliance.

Courtesy: Santiment As we know, Bitcoin has been showing a greater correlation with the S&P 500 here. As long as Bitcoin continues to follow the equity markets it is likely to stay in the bear’s grip going ahead.
Bitcoin (BTC) Can Correct Another 20%
If BTC continues to follow its correlation with S&P 500, another 20% drop to $16,000 is very much likely. Jurrien Timmer, director of global macro at Fidelity said:
If a 14x forward multiple is the correct valuation, then simple math will tell us that the fair value for the S&P 500 is 3200-3400 at an EPS of $230. This suggests that this bear market is not yet over.

Courtesy: Fidelity Just as the news of U.S. CPI inflation came on Tuesday, the Bitcoin Fear & Greed Index slid from 34/100 to 27/100. However, it has still not entered the “extreme fear” zone which shows some kind of investor resilience at this point.
Once again the news of inflation prevents Bitcoin from crossing its 200-day moving average (DMA), a zone of crucial resistance for Bitcoin this year.
Along with Bitcoin, several other altcoins have also corrected. A day ahead of the Merge event, Ethereum (ETH) has once again tanked 7% moving to $1,600 levels. As the Merge approaches closer, ETH has come under some selling pressure by following “sell the news” kind of momentum.

Lecturas Relacionadas

Police Expose Pseudo-Crypto Academy: Scammers Cheated Nearly a Thousand Ukrainians Out of $1.1 Million

Ukrainian police have exposed a fraudulent organization that posed as a "Ukrainian Financial Academy" offering cryptocurrency investment courses, defrauding nearly a thousand citizens of over $1.1 million. The scam, advertised on Facebook and Instagram, targeted vulnerable individuals, including pensioners and people with severe illnesses, who lost savings intended for medical treatment or housing. After victims expressed interest, fraudsters gained their trust, convinced them to transfer money to controlled accounts, and displayed fake profits on a bogus platform. Some were allowed small withdrawals to encourage larger investments. When victims tried to recover funds, their accounts were blocked, and they were pressured for additional payments under false pretenses. In one case, a cancer patient lost approximately 500,000 hryvnias meant for treatment. Organizers also coerced victims into taking loans or recruiting others. Police conducted searches in Kharkiv and Dnipropetrovsk regions, detaining four key suspects. They face charges of large-scale fraud as part of a criminal organization, with possible sentences of up to 12 years in prison and asset confiscation.

cryptonews.ruHace 6 min(s)

Police Expose Pseudo-Crypto Academy: Scammers Cheated Nearly a Thousand Ukrainians Out of $1.1 Million

cryptonews.ruHace 6 min(s)

Study: 90% of Influencers' Financial Advice on Social Media is Ineffective

New research from Queen Mary University of London confirms widespread suspicions: nearly 90% of financial advice from social media influencers is ineffective or low-quality, often lacking proper sources, disclaimers, or genuine expertise. The study analyzed nearly 2,500 influencers on Instagram, TikTok, and YouTube and surveyed over 4,200 UK adults. It found that while two in five UK adults use social media for financial advice, only about one in ten consult a licensed professional. Complementing this, a Chainalysis report on 2024 crypto tokens revealed that 74,037 newly launched tokens displayed patterns of "pump-and-dump" schemes, with 94% of these cases involving the wallet that created the liquidity pool also conducting the asset dump. The median suspicious scheme lasted less than a day. In a coordinated April 2026 operation, the UK's Financial Conduct Authority (FCA) and 17 global regulators targeted this issue directly, flagging 120 influencer accounts for removal. These accounts were responsible for 1,267 illegal financial promotions that reached at least 2.3 million UK accounts, with 66% of the ads linked to entities already on the FCA's warning list.

cryptonews.ruHace 9 min(s)

Study: 90% of Influencers' Financial Advice on Social Media is Ineffective

cryptonews.ruHace 9 min(s)

Robinhood Crypto Chief Reveals: 'Barbell' Customer Acquisition Strategy with Meme + Tokenized U.S. Stocks, Each Business Line Already Generates Billions in Revenue

Robinhood's Crypto Strategy: Leveraging Memes and Tokenized Stocks as a Dual-Pronged User Acquisition Strategy Robinhood Crypto GM Johann Kerbrat outlines the platform's "barbell" strategy for its new chain, launched three weeks ago. This approach targets two distinct user bases simultaneously: meme coin traders and those seeking exposure to tokenized real-world assets (RWAs), particularly U.S. stocks. The chain, built on Arbitrum technology, prioritizes accessibility and aims to onboard Robinhood's 27 million funded accounts. The vision is to fuse DeFi's benefits (like 24/7 trading and yield) with CeFi's user-friendly experience, eliminating wallet complexities. Key products like "Robinhood Earn" (for stablecoin yields) and tokenized stocks (available in 120+ countries) exemplify this hybrid model. Kerbrat downplays direct competition with Coinbase's Base, emphasizing growing the overall market for tokenized assets instead. Future plans include expanding RWA offerings to international stocks and private markets, positioning Robinhood's app as a comprehensive "super app" for diverse financial needs, from trading and banking to financial education. While all business lines currently generate significant revenue, the chain's immediate focus is on optimizing user adoption over maximizing direct revenue from transaction fees.

marsbitHace 13 min(s)

Robinhood Crypto Chief Reveals: 'Barbell' Customer Acquisition Strategy with Meme + Tokenized U.S. Stocks, Each Business Line Already Generates Billions in Revenue

marsbitHace 13 min(s)

1inch Announces Public Launch of Aqua and Introduces the First Shared Liquidity Layer for DeFi

The 1inch DeFi ecosystem has publicly launched Aqua, a non-custodial shared liquidity layer. This innovative solution allows liquidity providers to use the same wallet balance across multiple liquidity positions without locking assets in pools, enabling more capital efficiency. Unlike traditional pool models where liquidity is fragmented and controlled by protocols, Aqua acts as a registry. Users connect a wallet, approve a token balance, and create positions that reference this balance. The protocol only withdraws tokens for a matching swap order, returning the received tokens and fees in a single atomic transaction; otherwise, assets remain fully under the user's control. Co-founder Sergej Kunz stated that Aqua addresses the inefficiencies of the current "broken" liquidity provisioning system, where a significant portion of concentrated liquidity goes unused. An on-chain study cited found 85% of tracked concentrated liquidity was inefficient in early 2026, leading to substantial lost fee income. To incentivize adoption, the 1inch Foundation and DAO have launched a liquidity rewards program with 10 million $1INCH and 500,000 $USDC. Aqua is now live on 13 EVM-compatible networks, including Ethereum and Arbitrum. It features enhanced controls, security from eight independent audits, and architectural protection against JIT fee sniping.

cryptonews.ruHace 16 min(s)

1inch Announces Public Launch of Aqua and Introduces the First Shared Liquidity Layer for DeFi

cryptonews.ruHace 16 min(s)

Xryma launches regulated stablecoin XREUR

Cyprus-based fintech company Xryma Plc has announced the launch of XrymaCoin (XREUR), a regulated, euro-backed stablecoin. Following a notification to the Central Bank of Cyprus, the company has published documentation for the issuance of XREUR in compliance with the MiCA regulation. The public launch is scheduled for September 3, 2026. XREUR will be issued and circulated via the Xryma platform. Both private users and companies will be able to acquire the stablecoin using open banking payments, the European Central Bank's T2 instant settlement system, or through a business API integration. The platform supports SEPA Instant transfers, Mastercard-based open banking services, and connectivity to the ECB's settlement system. Upon redemption, users can instantly receive euros to their account or send funds to over 60 countries with next-business-day crediting.

cryptonews.ruHace 17 min(s)

Xryma launches regulated stablecoin XREUR

cryptonews.ruHace 17 min(s)

Trading

Spot