Great insights! Historically, the S&P 500 peaking later in the year is a consistent trend since 1980, suggesting we might not see a summer cycle top. The crypto market's recent correction is indeed influenced by traditional market dynamics, especially after the U.S. SEC approved spot Bitcoin ETFs on January 10, 2024.
Despite the current dip, there’s reason for optimism. Historical data shows the S&P 500 has an average annual return of around 10%. Moreover, the approval of Bitcoin ETFs opens the door for institutional investments, potentially stabilizing the crypto market in the long run.
The correlation between stock and crypto markets means that improvements in one could lead to rebounds in the other. Stay positive and patient – market corrections often pave the way for stronger recoveries.
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