- US stocks have dipped 10% since peaking on January 26, an official correction.
- Cryptocurrencies like Bitcoin have fared even worse during that same time period.
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Stocks just entered a correction — but bitcoin is still doing much worse
The Dow Jones Industrial Average and S&P 500 entered into an official correction during Thursday trade.
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Bitcoin, the largest cryptocurrency by market capitalization, has had a tough start to the year following news of a regulatory clampdown in South Korea and declining trading volumes.
Bitcoin has not been the only coin to experience a rout worse than the stock market:
- Ethereum:
- Litecoin:
- Bitcoin Cash:
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Stocks have been on a slide since January 26. But selling pressure ramped up this week, worsened by technical factors including the implosion of trading strategies that had bet on low volatility.
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