SPX Gearing to Create 22-Year Bearish Record: Will Bitcoin Follow?
The S&P 500 index's [SPX] performance has not been impressive lately. In fact, the SPX is gearing up to potentially create a 22-year bearish record, raising concerns about the broader market and its impact on Bitcoin.
A recent analysis highlights Bitcoin's correlation with the stock market, hinting at bearish risks for the prime crypto as SPX price tests a key support level. As Bitcoin is confronted with warning signals of a possible bearish trend, experts think the bull market can endure a major price adjustment.
Bitcoin (BTC) and the S&P 500 are forming a head-and-shoulders topping pattern, coinciding with a change in the market dynamic that fueled the post-election surge. The S&P 500 (SPX) has fallen nearly 1% since the market closed yesterday. Several stocks have fallen by nearly 20%, while Coinbase Global, Inc. (COIN) has decreased.
Bitcoin’s recent price action has been closely tied to a crucial financial metric: the NDX/SPX ratio, which compares the performance of the Nasdaq 100 (NDX) to the SPX.
If SPX stagnates/corrects for a bit, perhaps Bitcoin can touch $ k. On the bearish side, some permanent damage may be done to the Bitcoin market if it cannot hold. 9 de sept. de 2025 BTC rallies above $21,000 as the US dollar index shows signs of cooling off, but is the wider crypto market beginning to reverse its bearish trend? Federal Reserve.