S&P 500’s Bear Market Illustrates How External Actors Have Affected Crypto

S&P 500’s Bear Market Illustrates How External Actors Have Affected Crypto


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The S&P 500 closed more than 20% below its all-time high, set in January – and so, we enter a bear market. S&P Global Dow Jones Indices senior index analyst Howard Silverblatt confirmed the milestone.

While the index had dropped below that point over the past few weeks, it had never closed below it, which is the official marker of the bear market.

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According to CNBC reports, “Since the modern S&P 500 index began in the late 1920s, the average bear market has translated into a 38% price decline lasting an average of almost 19 months.”

The Great Depression saw the longest decline, with a bear market lasting for over five years. More recent bear markets, over the past couple

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