CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,089.00
  • ethereum
    ETH$1,603.34
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Wall Street Marks The Fastest 10% Correction In History: Futures Forecast Another 1% Plunge

    Wall Street Marks The Fastest 10% Correction In History: Futures Forecast Another 1% Plunge

    Author: George Georgiev

    Last Updated Sep 19, 2021 @ 12:44

    The bloodbath on the traditional financial markets continues. While the S&P 500 continues to plunge, the interesting thing about the recent declines is that they were quick and violent. In fact, reports have it that the S&p 500 staged its quickest correction in history.

    Global Markets Continue To Tumble

    Global financial markets continue to suffer as the prices for the major indexes doesn’t seem to stop going down. Right off the bat, the S&P 500 is down 4.42% in yesterday’s trading session. According to a recent report, the total losses of the index amount to more than 10%, hence marking the quickest 10% decline from an all-time high in the index’s history.

    The S&P 500 is not the only global index that bleeds out. Nasdaq 100 is down 4.93% in the intraday, currently standing at 8436.67 points. The Dow Jones Industrial Average (DJI) is also down 4.42% in yesterday’s session.

    And if that’s not enough, Nasdaq 100’s futures contract projects another 0.8% drop at the time of this writing.

    Markets are melting at an unprecedented rate, causing many to believe that the worst is yet to come. Analysts associated the recent drops with the booming coronavirus, which has expanded well beyond China. Italy, for instance, saw a 25% surge in its confirmed cases in just a day. The country has now detected upwards of 400 cases of COVID-19.

    ADVERTISEMENT

    Cryptocurrencies Follow

    While Bitcoin has demonstrated some cases of negative correlation to traditional assets in the past, this doesn’t seem to be the case now.

    The largest cryptocurrency currently exchanges hands at around $8,600, charting losses of about 2% on the day. In the past week, however, BTC’s price decreased by about $1,000, marking a steep correction, indeed.

    The entire market felt it. Altcoins are also bleeding out over the past seven days.

    Whether or not this has something to do with the coronavirus or the crash of the traditional markets is unconfirmed. Yet, it remains interesting to monitor how Bitcoin will perform amid times of economic uncertainty of the kind.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • binance_ath
      Binance Futures Open Interest Crossed $1 Billion In August
    • bakkt-min (1)
      Bakkt 'Physically Delivered' Bitcoin Futures Post New All-Time High
    • bitcoin_mw_cover
      Binance Bitcoin Futures Markets Clock Highest 24h Volumes as Institutions Go Long
    Tags: Coronavirus (COVID-19) NASDAQ S&P 500
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

  • bitcoin
    BTC$23,089.00
  • ethereum
    ETH$1,603.34
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!