Big changes are happening in the stock market! The S&P 500, a group of important US companies, has gone down a lot. This is called a correction. It's happened before, even when Bitcoin was also going down.
- Corrections are when prices drop by a big amount (like 10%).
- This has happened many times before to both the S&P 500 and Bitcoin.
- Sometimes these drops are big, other times they're smaller.
| Event | S&P 500 Change | Bitcoin Change |
|---|---|---|
| 2008 Financial Crisis | Down nearly 60% | Not mentioned |
| 2019 | Down 20% | Down 85% |
| 2020 Covid Crash | Down almost 40% | Down 60% |
| 2022 | Down 25% | Down 55% (to $15,000) |
| Recent | Down 10% (correction) | Down 30% |
Even though it looks scary, these drops have happened before. Bitcoin has also seen big drops during these times. Experts say that this kind of thing is normal sometimes.
