The Bitcoin market commenced an extended bearish phase in October 2025, after an initial flash crash triggered a 19% decline from the present all-time high at $126,000. In the subsequent months, Bitcoin would experience a steady loss combined with major drawdown moments, eventually pulling its price to a local bottom of $60,000, before entering a mid-term consolidation phase. In the last month, Bitcoin has shown a moderate recovery with a net gain of 4.89%, with prices trading as high as $75,000. While this recent performance may be indicative of a stabilizing market, recent data on the correlation between the premier cryptocurrency and the S&P 500 has presented new bearish concerns. Related Reading: Bitcoin Market Caution Rises After Failed Breakout: Glassnode Data Historical Correlation Coefficient Data Hints At Potential Market Crash In an X post on March 21, market analyst Tony Severino reports that recent developments with the BTC-S&P 500 Correlation Coefficient indicate Bitcoin is in danger of another major downswing. Notably, the Correlation Coefficient is a figure between -1 and +1 that measures how strongly and in what direction two assets, i.e., Bitcoin and the S&P 500 in this case, move relative to each other over time. At +1, the coefficient indicates that the assets move exactly together in the same direction, while at -1, a perfect negative correlation occurs, with the assets moving in opposite directions. At 0, movements are considered unrelated, with no identifiable pattern, as both assets trend independently of each other. Amid the bear market that has persisted since late 2025 and early 2026, the 20-day Bitcoin-S&P Correlation Coefficient dipped to around -0.5 as Bitcoin prices fell while equities rose. However, Severino notes that this coefficient had recently rebounded to around -0.10, creating a market sequence that has previously preceded major Bitcoin downturns. According to the seasoned expert, each time the 20-day BTC S&P 500 correlation dropped to -0.5 before sharply reversing, it has triggered stock market crashes that induced a significant sell-off in the Bitcoin market. However, there is usually an initial price bounce lasting 10-17 weeks before the drawdown commences. Severino’s analysis suggests the limited rebound observed since early February represents this preliminary gain, which is now 8-weeks old. As observed in 2018, 2020, and 2022, the resulting correction from this setup threatens a potential price fall of 70-80% from the peak of this initial price bounce. Related Reading: XRP Price Is Maintaining This Multi-Year Trendline, But A Crash Could Be Looming Bitcoin Market Outlook At the time of writing, Bitcoin trades at $68,584 after a 2.41% decline in the last 24 hours. Meanwhile, the daily trading volume has declined by 41.21%, representing a fall in the traders’ participation as Bitcoin continues to consolidate following its failed breakout above $75,000 in the last week. Featured image from iStock, chart from Tradingview.com
BNY, Nasdaq, iCapital and S&P Global invested in Digital Assets, powering blockchain infrastructure for tokenized real-world assets.
The rating agency's Tether downgrade flags redemption risk, potentially nudging institutions to higher-rated stablecoins and tokenized deposits.
The ratings agency cited bitcoin's rising share in the stablecoin reserves, making USDT vulnerable to falling prices.
The S&P Digital Markets 50 Index tracks a basket of blockchain-focused stocks and digital assets; Chainlink will provide crucial data to support a tokenized version.
The broker said the company's full-cap bitcoin strategy is maturing, as preferred equity drives accretion and a new S&P credit rating expands its investor base.
A quiet but historic moment has unfolded, which may reshape how traditional markets value digital assets like Bitcoin. For the first time, a major global rating agency has evaluated a company whose borrowing model is directly tied to BTC. On Oct. 27, S&P Global Ratings assigned Strategy Inc. (MSTR) a “B-” rating with a Stable […]
The post Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital appeared first on CryptoSlate.
Strategy Inc., the company led by Michael Saylor that rebranded from MicroStrategy, was hit with a junk credit grade on Monday as S&P Global Ratings flagged its heavy concentration in Bitcoin and weak dollar liquidity. Related Reading: Bitcoin Buzz: Michael Saylor Drops ‘Orange Dot Day’ Hint According to S&P, the firm’s balance sheet is tied closely to the price of Bitcoin and carries risks that traditional ratings models find hard to treat as stable collateral. Bitcoin Holdings Drive The Score Based on reports, Strategy’s Bitcoin stack is enormous — about 640,808 BTC on its books — worth roughly $73 billion to $74 billion at recent prices. S&P said that while the company owns a large digital-asset hoard, the volatility of that asset and the company’s limited cash flow make it risky under S&P’s credit rules. S&P assigned a B- issuer credit rating and kept the outlook stable. That B- places the company squarely in non-investment-grade territory, signaling a higher chance of stress if markets turn against it. S&P Global Ratings has assigned Strategy Inc a ‘B-‘ Issuer Credit Rating (Outlook Stable) — the first-ever rating of a Bitcoin Treasury Company by a major credit rating agency. https://t.co/WLMkFqkkCb — Michael Saylor (@saylor) October 27, 2025 Currency Mismatch And Debt Pressure Reports have disclosed that S&P was particularly concerned about a mismatch: most obligations are owed in US dollars, but most of the company’s value sits in Bitcoin. This gap can force the sale of Bitcoin to meet dollar payments if prices slide. Analysts and commentators pointed to sizable convertible securities and preferred-stock commitments that add cash demands on the company. According to filings and market write-ups, the firm faces billions of dollars in convertible and preferred obligations spread over coming years. Saylor and Strategy have made repeat purchases of Bitcoin as part of their stated plan. Those buys have created big unrealized gains on paper, but S&P’s methodology largely treats the token differently from traditional equity when measuring risk-adjusted capital. Liquidity, Access To Markets S&P noted that, for now, Strategy still has access to capital markets, which is why its outlook is stable rather than immediately negative. But the rating agency warned that a sharp drop in Bitcoin’s price or any sudden tightening of funding channels could trigger a further downgrade. Related Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot Market participants will watch funding costs, preferred dividend payments and convertible notes for signs of stress. Investors reacted with mixed signals in early trading. Some buyers treated the downgrade as a formal recognition of a known risk, while others judged the move as a calibration that won’t stop Saylor’s accumulation strategy if markets stay calm. Trading volume and price swings in both Strategy shares and Bitcoin may rise as traders reassess odds. Featured image from Gemini, chart from TradingView
The assessments score stablecoins from 1 to 5 based on factors such as asset quality, liquidity and regulatory status.
The SPXA offering is the first blockchain-based index fund licensed by the S&P Dow Jones Indices.
S&P Global Ratings assigned Sky Protocol a B- rating with a stable outlook, marking the first time a credit rating company has assessed a DeFi protocol
The tokenization initiative could lay groundwork for standardized carbon infrastructure underpinned by blockchain tech, the firms said.
Key technical breakouts in equities and crypto signal could signal renewed bullish momentum.
Initially BTC decoupled from stocks, but the positive correlation has strengthened during the recent downturn.
Institutional use of these cryptocurrencies will increase once rules are in place, the report said.
Bitcoin struggles to overcome the $64,000 resistance as investors choose to invest in stocks and seek shelter in cash options amid socio-political uncertainty.
Bitcoin price recaptures the $62,000 level as investor grow increasingly concerned about the fiscal health of the US
Bitcoin lost momentum as weak macroeconomic data, fear of a stock market correction, and worries over the upcoming US elections impacted investor sentiment.
Will this week’s $8.1 billion Bitcoin options expiry fuel a rally to $70,000 or should traders anticipate a correction?
Will this week’s $8.1 billion Bitcoin options expiry fuel a rally to $70,000 or should traders anticipate a correction?
Many analysts say a drop in spot Bitcoin ETF demand is the primary reason for BTC’s price weakness, but there’s more to it than that.
The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish.
Investors balance risk as Bitcoin futures dip, reflecting uncertainty before the Federal Reserve's September meeting.
For years, analysts and traders have said cooling inflation would benefit the crypto market, yet prices are still down. Cointelegraph explains why.
The number of addresses holding stablecoins has risen 15% this year.
Bitcoin's price whipsaws align with global conflict and macroeconomic concerns, but data shows investors’ halving expectations positively impacting BTC price.
Reduced leverage use in Bitcoin futures greatly reduces the odds of cascading liquidations in the case of a BTC price pullback.
Bitcoin volatilty could continue to create price whipsaws as BTC futures open interest reaches $36 billion.
Institutional interest in digital assets means that crypto terms such as 'Nakamoto Coefficient' are now mainstream issues.
Stablecoins are “something we're putting strong resources towards, because we know it's a growing area both in traditional and new financial areas,” a leading S&P analyst said.