Price analysis 9/23: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

The S&P 500 index has declined about 5% this week while the is down more than 5.5%. Investors fear that the Federal Reserve’s aggressive rate hikes could cause an economic downturn. The yield curve between the two-year and , which is watched closely by analysts for predicting a recession, has inverted the most since the year 2000.

Among all the mayhem, it is encouraging to see that (BTC) has outperformed both the major indexes and has fallen less than 4% in the week. Could this be a sign that Bitcoin’s bottom may be close by?

Daily cryptocurrency market performance. Source: Coin360SPX daily chart. Source: TradingViewDXY daily chart. Source: TradingViewBTC/USDT daily chart. Source: TradingViewETH/USDT daily chart. Source: TradingViewBNB/USDT daily chart. Source: TradingViewXRP/USDT daily chart. Source: TradingViewADA/USDT daily chart. Source: TradingViewSOL/USDT daily chart. Source: TradingViewDOGE/USDT daily chart. Source: TradingViewDOT/USDT daily chart. Source: TradingView

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