What Happens to Bitcoin and Crypto During a Stock Market Crash?
Photo: CoinCentral
TLDR Bitcoin fell in 93% of four-week periods when global stocks dropped at least 5%, JPMorgan found. In those periods, stocks lost about 8% on average while Bitcoin lost about 13%. Bitcoin dropped nearly 40% on 12 March 2020 as stocks plunged. Ethereum and smaller coins can be even more volatile than Bitcoin. Wells Fargo found Bitcoin’s volatility averaged about 60%, versus 19% for the S&P 500. Bitcoin and other cryptocurrencies have often fallen when the stock market crashes. Bitcoin was first promoted as an asset that works apart from banks, governments and stock exchanges.
Source: CoinCentral
