The Bank of England has warned that stock markets are likely to fall due to continued strong performance, with the S&P 500 and Dow Jones reaching new all-time highs in April. The bank's Deputy Governor, Sarah Breeden, highlighted several risks such as a major macroeconomic shock, confidence in private credit, and potential changes to the oil situation. She did not specify when a correction might arrive, but she highlighted potential risks. A stock market correction like this would likely hit crypto hard and fast. CME Group noted that the correlation between Bitcoin and the Nasdaq 100 ran as high as 0.6 in early 2026.