The crypto market has dipped alongside the stock market. The combined crypto market valuation is at $1.3 trillion. Meanwhile, Tesla got kicked out of the S&P 500 amid concerns of accidents and alleged racism. The crypto market has plunged anew alongside the stock market amid the most recent dip of S&P 500 stocks. Bitcoin has lost its footing at the $30,000 crucial support level again and is currently trading at $29,000, according to CoinGecko. Ethereum experienced the same, with its price last seen at $1,966.02. On-chain data analysis firm Santiment noted the strong correlation between the crypto market and the