🚨The Most Important Day of the Year, so far…🚨
You should all know by now that the crypto market and the stock market correlate with each other. It has done so for many, many years.
Over the past week, since the start of the month tbh, it has been one of the worst starts of the year for the stock market in history. The Dow Jones is down by 7.35% in just 3 weeks. We have been predicting “the big short” since 2020. After the amount of money printing and handouts last year as stimulus packs. the US is now almost $30 trillion in national debt. According to the US Debt Clock, the hidden debt (the truth) is over $141 trillion in debt. However, that is a topic for another day.
The US stock market opens this afternoon after being shut for the weekend. The Fed interest rates and the inflation spike is causing the stock markets to finally tank after being artificially pumped for longer than they should have ever been.
Today is a very important day when the market opens because it will entail the future of its correlation with Bitcoin. Will both asset classes continue to correlate and will Bitcoin be dragged down along with the stock market? Or will we see a decoupling between the two classes? Could the stock market crash be the catalyst that everyone is waiting for? Will the stock market money cycle into Bitcoin before it completely crumbles and then we see Bitcoin soar.
Of course, it is too early to tell but the future is just around the corner.
The Dow Jones/US30 chart and the crypto market cap chart look quite similar structure-wise. They have both even retraced to the same Fibonacci levels at 61.8%.
If the stock market brings Bitcoin down with it, then I’m afraid to say the bear market could be upon us. If this is the case We will not be selling anything at all and we will continue to hold. In fact, we will put better use of our coins and start staking them so we can still earn a passive income while the market is down. I will make a update on staking to our students if this is the case.
You should all know by now that the crypto market and the stock market correlate with each other. It has done so for many, many years.
Over the past week, since the start of the month tbh, it has been one of the worst starts of the year for the stock market in history. The Dow Jones is down by 7.35% in just 3 weeks. We have been predicting “the big short” since 2020. After the amount of money printing and handouts last year as stimulus packs. the US is now almost $30 trillion in national debt. According to the US Debt Clock, the hidden debt (the truth) is over $141 trillion in debt. However, that is a topic for another day.
The US stock market opens this afternoon after being shut for the weekend. The Fed interest rates and the inflation spike is causing the stock markets to finally tank after being artificially pumped for longer than they should have ever been.
Today is a very important day when the market opens because it will entail the future of its correlation with Bitcoin. Will both asset classes continue to correlate and will Bitcoin be dragged down along with the stock market? Or will we see a decoupling between the two classes? Could the stock market crash be the catalyst that everyone is waiting for? Will the stock market money cycle into Bitcoin before it completely crumbles and then we see Bitcoin soar.
Of course, it is too early to tell but the future is just around the corner.
The Dow Jones/US30 chart and the crypto market cap chart look quite similar structure-wise. They have both even retraced to the same Fibonacci levels at 61.8%.
If the stock market brings Bitcoin down with it, then I’m afraid to say the bear market could be upon us. If this is the case We will not be selling anything at all and we will continue to hold. In fact, we will put better use of our coins and start staking them so we can still earn a passive income while the market is down. I will make a update on staking to our students if this is the case.