Stocks just entered a correction — but bitcoin is still doing much worse
|02/09/2018||Posted by BusinessMediaguide.Com under General World News||
- 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.
The US stock market is officially in a correction, defined as a 10% decline from its most recent high.
The benchmark S&P 500 closed 10.4% below its record high on January 26. Bitcoin has fared much worse during that same time period.
In fact, it’s down nearly 28% since US markets began their slide in late January, according to data from CoinDesk. That includes a rebound during most of this week. At last check, read more >>>