The S&P 500 has now entered the correction area, defined as a 10% decrease from its high time. Another 10% decrease would signal a bear market. But is it time to panic? Since Bitcoin’s creation in 2009, the S&P 500 has experienced several 20% corrections.

After the global financial crisis in 2008, the index had decreased almost 60%. In 2019, in the middle of Bitcoin’s Bear Market, the S&P 500 fell by 20%, Bitcoin fell as much as 85% from its highest highest. The Covid-19 crash in March 2020, the index fell almost 40% with Bitcoin throwing 60% of its value. Most recently in 2022, the index corrected by 25%, Bitcoin bound a month later after falling another 25% to a cycle of $ 15,000.

Historically, 10% corrections in the S&P 500 have been common. Meanwhile, Bitcoin has fallen 30% from its highest time during this correction. Looking at previous bull market corrections, such falls are a normal occurrence where the latest correction of 30% occurs in August 2024 under the yen berry that relaxes.