Bitcoin’s did a lot Underperformance in gold – which Tuesday has even hit a long series of records, crossing above $ 3,800 per ounce for the first time. But gold is not just the owner of the owner while Bitcoin is throbbing under $ 115,000.
US stocks also noticed record highs on what seemed to be a sunny basis, including the Bellwether S&P 500 index, witnessed below the 6,700 levels.
Even with the BTC, the latter, the world’s largest crypto remains in a bull market and is not the first time this cycle is different from the S&P 500.
The first difference -took place between March and July of 2024. During this time, the S&P 500 rose from around 4,000 to 4,600, while Bitcoin refused from just under $ 30,000 to $ 25,000.
The second difference -later occurred that year when the S&P 500 rallied from 5,200 to 6,000 from April to October. with a short pause only in the tag -heat. However, Bitcoin did not comply, with the rally not starting until November (Next to the results of the presidential election).
As for the latest difference, the S&P 500 since May continued to move, while Bitcoin combined within $ 110,000 to $ 120,000 range. Bitcoin collapsed before all the time high in August, but the gains quickly returned, with the BTC returning to the low end of its previous range.
History suggests that while Bitcoin and the S&P 500 often move in the same overall direction, they will soon change for extended periods. Data from at least this current cycle suggests that Bitcoin is likely to meet with gold.
