What Happens to Bitcoin and Crypto During a Stock Market Crash?

TLDR Bitcoin fell in 93% of four-week periods when global stocks dropped at least 5%, JPMorgan found. In those periods, stocks lost about 8% on average while Bitcoin lost about 13%. Bitcoin dropped nearly 40% on 12 March 2020 as stocks plunged. Ethereum and smaller coins can be even more volatile than Bitcoin. Wells Fargo found Bitcoin’s volatility averaged about 60%, versus 19% for the S&P 500. Bitcoin and other cryptocurrencies have often fallen when the stock market crashes. Bitcoin was first promoted as an asset that works apart from banks, governments and stock exchanges. Over time, it has become more closely tied to Wall Street. That link has raised questions about whether Bitcoin can act as a safe haven for investors.

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