US Stock Market Crash: Should You Be Worried or Buy the Dip?
The US stock market saw the biggest crash on Monday since September 2022. Dow Jones plummeted 890 points while Nasdaq crashed 727 points. The S&P 500 index fell 155 points wiping away close to $1 trillion in value. At one point, the Dow Jones index was down close to 1,100 points in the day’s trade. The crash has shocked investors while fears of a recession and a prolonged downturn loom.
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The stock market crash is making retail investors stay away from taking an entry position as equities are yet to bottom out. The ongoing trade wars have left a lasting impact on stocks making the markets a divided bag. Tesla shares plummeted 15% while Apple dipped close to 12%. Leading stocks are bleeding profusely turning the markets deep red with little to no signs of a recovery in sight.
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Should You Fear or Accumulate the Dip During the US Stock Market Crash?
Gina Bolvin, the President of Bolvin Wealth Management Group explained that the US stock market crash was a correction that was coming. Bolvin stressed that the markets will be up and running again and will reward investors who accumulated the dip. She revealed that when investors fear the market, it’s the best time to take an entry position.
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The analyst explained that the US stock market crash is a temporary blip before it enters the bullish phase. “We’ve gone from animal spirits to what are the odds of a recession,” said Bolvin to CNBC. “This is a headline-driven market; one that could change in an hour. Sit tight. Buckle up. We finally have the correction we were waiting for, and long-term investors will be rewarded again,” she said.
In conclusion, the US stock market could dust itself from the crash and turn bullish again, according to the analyst. Buying the dip is recommended as leading stocks are available at discounted prices.
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Europe Stock Market Crash: UK, Germany, France, Italy, & Sweden Bleed
Asian Stock Market Crash: India, China, Japan, Singapore & Thailand Bleed
“Ethereum Has Nowhere To Go” Crypto Executive Projects Bitcoin and Solana Dominance
Ordinals co-founder Casey Rodamor has downplayed Ethereum’s chances in the long run. This follows growing competition from other networks and a rising Bitcoin dominance. Recently, Ethereum has faced headwinds with some devs moving to faster and cheaper networks although it remains the larger decentralized finance (DeFi) blockchain.
Critic Divides Crypto Watchers
According to Rodamor, Ethereum has nowhere to go and is faced with heightened computing from new networks and Bitcoin’s growing demand. Bitcoin, the first network, is more secure and prestigious compared to Ethereum. Rodamor fueled previous comparisons between the two largest networks with diverse opinions from industry commentators.
Furthermore, while Ethereum remains the largest DeFi network, Solana and other networks offer more alongside user-based functionalities. A cross-section of the market also backed Solana and new chains to outperform Ethereum, restating the network speed. Meanwhile, others noted that Ethereum beats new networks in security.
The issue of decentralization was at the center of arguments with Jaun David Ramos stressing its importance in his response.
“This was the likely outcome when the “decentralization is a spectrum” argument showed up. The moment you move away from complete decentralization you are toast, because the next slightly less decentralized chain will have better features and speed, and the next one and the next one.”
While Rodamor compared Solana to Ethereum, the former isn’t without its downsides. Solana has experienced multiple outages, lowering sentiment on surpassing Ethereum. Popularly dubbed the ETH killer, Solana’s vulnerability hindered its price growth in previous months.
Similarly, Solana bulls also cited Ethereum’s congestion in response. This led to the rise of layer 2 networks, which reduced congestion and increased speed on Ethereum.
Bitcoin Is Better Money
Rodamor wrote that Bitcoin is better money compared to Ethereum and other networks. The majority of users agreed with this view and added recent institutional wins of the leading crypto. Per Bitcoin enthusiasts, institutional appetite sets it above Ethereum. Last year, spot Bitcoin ETFs attracted nearly $40 billion while Ethereum products fell short of projected growth.
These gains fueled BTC’s price to multiple all-time highs, sparking a major bull market run. In Q4 2024, BTC soared above the $100k level, charting a new course of price projections. At the moment, several traders target the $150k mark for the bull cycle top, with a close look at institutional investors.
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