As the S&P 500 index boasts a considerable YTD growth, its true market conditions are masked by the disproportionate influence of tech giants. Similarly, the crypto market is dominated by Bitcoin, overshadowing the performance of other cryptocurrencies. But when we exclude these dominant players, what surprising parallels emerge between the S&P 500 and the crypto market? And how does this comparison shed light on the diversity and resilience of these markets? Discover the answers and implications for market watchers and participants...
Tech giants’ and Bitcoin’s dominance skew S&P 500, crypto market growth rates Tech giants’ and Bitcoin’s dominance skew S&P 500, crypto market growth rates
Analyzing the disproportionate influence Bitcoin and tech stocks have on the performance of the crypto market and the S&P 500.
3 min read
Updated: May 30, 2023 at 5:49 pm
Cover art/illustration via CryptoSlate
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
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