Is now a good time to buy Bitcoin?

Bitcoin and Ether experienced declines as risk aversion spread to the crypto market following the worst $S&P 500 Index(.SPX.US)$ drop since 2022. Ether, the second-largest cryptocurrency, fell about 7%, while Bitcoin dropped around 3%. The downturn in equities, particularly in technology shares, affected investor sentiment globally.
New spot-Ether ETFs launched in the US, while the Grayscale Ethereum Trust converted to an ETF, leading to significant outflows and cautious sentiment. Market observers noted that the crypto market felt the impact of negative sentiment from US equities. However, the pressure on Ether following the ETF launches might ease if market conditions improve.