Bitcoin

<a href="https://cryptotale.org/bitcoin-hits-59k-bnb-leads-top-crypto-gains-in-green-zone/" rel="noopener noreferrer nofollow">Bitcoin</a> has demonstrated resilience against the broader market downturn. The U.S. stock market faced a significant selloff, losing over $1.05 trillion. Unlike traditional equities, Bitcoin&#39;s drop was significantly less severe, signaling its potential decoupling from stock market movements. On September 3rd, while the S&amp;P 500 plummeted by 2.16%, Bitcoin saw only a 1.82% dip. It was a promising sign for cryptocurrency investors, indicating that Bitcoin may become less sensitive to traditional financial market shocks.A recent post by Santiment highlighted this shift, noting that on August 4th, <a href="https://cryptotale.org/bitcoin-shows-signs-of-potential-recovery-eyes-62000/" rel="noopener noreferrer nofollow">Bitcoin</a> fell more sharply, with a 7.16% drop compared to the S&amp;P 500&#39;s 3% decline. However, on September 3rd, Bitcoin&#39;s more minor dip showcased its growing resilience, suggesting a decoupling from stock market volatility. This change in behavior signals a potential new trend in Bitcoin’s correlation with traditional financial assets, offering optimism to crypto investors.A dull U.S. manufacturing data added to the turbulence, significantly spooking investors and driving a broad selloff across various sectors. However, amid the chaos, cryptocurrencies like Bitcoin showed relative stability, sparking renewed interest in digital assets as a potential hedge against stock market volatility.Related: <a href="https://cryptotale.org/u-s-house-committee-to-examine-crypto-issues-in-september/" rel="noopener noreferrer nofollow">https://cryptotale.org/u-s-house-committee-to-examine-crypto-issues-in-september/</a>While Bitcoin and other major cryptocurrencies weathered the storm better than expected, the stock market faced a different reality. Nvidia, a key player in the AI and tech space, saw its stock tumble by 9.5%, wiping out $279 billion in value.<a href="https://cryptotale.org/btc-outperforms-sp-500-during-1-05-trillion-market-loss/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BTC Outperforms S&P 500 During $1.05 Trillion Market Loss

CryptoTale

Autres articles publiés le 4 sept. 2024

Hamster Kombat to Launch $HMSTR Token and Airdrop on Sept. 26

Worldcoin Privacy Concerns in South Korea Addresses at Tools for Humanity CPO

Santiment Names 3 Altcoins: “They’re Being Shorted Too Much” – They Are Claiming Bullishness

Lazarus Group intensifies attacks on crypto browser extensions: Group-IB

Floki's Valhalla Partners with OG Esports as Official Jersey Sleeve Sponsor

Qubetics’ Whitelist Rises in Prominence While Litecoin’s Innovation and Terra’s Accessibility Cap...

Join our free newsletter for daily crypto updates!