Crypto Market Correction Intensifies As S&P 500, Dollar Index Enter Dangerous Territory

The broader crypto market has entered a strong correction, with Bitcoin and altcoins continuing to face strong selling pressure. Although the S&P 500 continues with its upside, experts believe that it is entering a dangerous territory, last seen before the 1929 Great Depression, and the 2008 financial crisis. Furthermore, the rising US Dollar index could pressure risk-on assets like crypto and equities.