{"id":9812,"date":"2022-09-30T05:04:27","date_gmt":"2022-09-30T05:04:27","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2022\/09\/30\/bitcoin-and-crypto-rock-solid-despite-over-2-drop-in-sp-500-will-it-sustain\/"},"modified":"2022-09-30T05:04:27","modified_gmt":"2022-09-30T05:04:27","slug":"bitcoin-and-crypto-rock-solid-despite-over-2-drop-in-sp-500-will-it-sustain","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2022\/09\/30\/bitcoin-and-crypto-rock-solid-despite-over-2-drop-in-sp-500-will-it-sustain\/","title":{"rendered":"Bitcoin and Crypto Rock Solid Despite Over 2% Drop in S&#038;P 500, Will It Sustain?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/bitcoin-and-crypto-rock-solid-despite-over-2-drop-in-sp-500-will-it-sustain\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Despite a pointy correction in the U.S. fairness markets on Thursday, September 29, Bitcoin (BTC) and the broader crypto market have remained rock strong with little volatility. As of press time, BTC is buying and selling 0.42% down at a value of $19,357 with a market cap of $371 billion.<\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p>On the weekly chart additionally, the BTC has proven lower than 1% motion and has been holding up fairly effectively. At the identical time, the S&amp;P 500 underwent a really sturdy on Thursday, tanking greater than 2%. So what we&#8217;re seeing now might be the preliminary indicators of Bitcoin\u2019s long-term decoupling from the U.S. fairness market. As on-chain knowledge supplier <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1575540379868200961\" target=\"_blank\">Santiment<\/a> stories:<\/p>\n<blockquote>\n<p><span class=\"r-18u37iz\">#Bitcoin<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u00a0has caught round $19.4k and <\/span><span class=\"r-18u37iz\">#Ethereum<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> at $1,340 at the moment. But the story is the truth that they&#8217;re doing so with out the help of the <\/span><span class=\"r-18u37iz\">#SP500<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">, which is down -2.4%. If the correlation is easing between <\/span><span class=\"r-18u37iz\">#crypto<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> &amp; <\/span><span class=\"r-18u37iz\">#equities<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">, that is very encouraging.<\/span><\/p>\n<\/blockquote>\n<figure id=\"attachment_123056\" aria-describedby=\"caption-attachment-123056\" style=\"width: 2524px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-123056\" alt=\"\" width=\"2524\" height=\"1735\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/30092458\/Bitcoin-BTC-SP-500.jpeg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-123056\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/30092458\/Bitcoin-BTC-SP-500.jpeg\" alt=\"\" width=\"2524\" height=\"1735\"\/><\/noscript><figcaption id=\"caption-attachment-123056\" class=\"wp-caption-text\">Courtesy: Santiment<\/figcaption><\/figure>\n<h3>Bitcoin vs Banks<\/h3>\n<p>As we all know, central banks throughout the globe have been struggling to take care of present macro situations. Amid its quantitative tightening measures, the British central financial institution has pivoted to <a href=\"https:\/\/coingape.com\/breaking-bank-of-england-pivots-to-money-printing-quantitative-easing\/\" target=\"_blank\" rel=\"noopener\">money printing<\/a> measures to guard its bond market.<\/p>\n<p>Speaking at\u00a0<a rel=\"nofollow noopener\" href=\"https:\/\/www.cnbc.com\/2022\/09\/28\/stanley-druckenmiller-sees-hard-landing-in-2023-with-a-possible-deeper-recession-than-many-expect.html?utm_medium=Social&amp;utm_source=Twitter#Echobox=1664374356\" target=\"_blank\"><i>CNBC<\/i>\u2019s Delivering Alpha conference<\/a> on Wednesday, legendary investor Stanley Druckenmiller believes that crypto might see a revival because the belief in the central financial institution fades away. The investor believes that the U.S. economic system is already in deep bother and that recession may be very seemingly by 2023. He added:<\/p>\n<blockquote>\n<p>I might see cryptocurrency having a giant position in a Renaissance as a result of folks simply aren\u2019t going to belief the central banks.<\/p>\n<\/blockquote>\n<p>The investor mentioned that he doesn\u2019t personal any crypto as of now however added \u201cit\u2019s tough for me to own anything like that with central banks tightening\u201d. Sven Henrich, the founding father of NorthmanTrader, a markets analysis agency <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/NorthmanTrader\" target=\"_blank\">said<\/a>: \u201cYou know we\u2019ve reached a unique time in history when #Bitcoin suddenly is less volatile than fiat currencies\u201d.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA123055\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds a great aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is repeatedly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary abilities.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD123055\">\n<p> The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/coingape.com\/bitcoin-and-crypto-rock-solid-despite-over-2-drop-in-sp-500-will-it-sustain\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite a pointy correction in the U.S. fairness markets on Thursday, September 29, Bitcoin (BTC) and the broader crypto market have remained rock strong with little volatility. As of press time, BTC is buying and selling 0.42% down at a value of $19,357 with a market cap of $371 billion. On the weekly chart additionally, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20,24,1705,1265,3296,2609],"class_list":{"0":"post-9812","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-crypto","10":"tag-drop","11":"tag-rock","12":"tag-solid","13":"tag-sustain"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/9812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=9812"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/9812\/revisions"}],"predecessor-version":[{"id":9813,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/9812\/revisions\/9813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/9814"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=9812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=9812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=9812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}