This Chart Says Bitcoin's Biggest Bragging Right over S&P 500 and Nasdaq May Be Over
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6 Articles
Bitcoin Price Holds Strong At $64K Amid Historic S&P 500 Gap
Bitcoin Price remained near $64,375 as analysts highlighted its widest divergence from the S&P 500 in years. Strong ETF inflows, elevated open interest, and stable on-chain activity suggest investors remain engaged while traders monitor key resistance and support levels.
Bitcoin has surpassed shares for more than a decade, but a recent chart suggests that that era might be ending. The S&P 500 reaches historic peaks while BTC remains in decline, breaking a trend that seemed unbreakable. What does this mean for investors? *** The S&P 500-Bitcoin ratio surpassed its 200-week moving average for the first time in its history. Bitcoin accumulates a drop of almost 50% since its October peak, while the stock index sets …
According to ChainCatcher, the S&P 500 and Nasdaq indices, both denominated in Bitcoin, have broken through their 200-week moving averages for the first time since 2012. This level had previously limited each rally in stocks relative to BTC. This change suggests that the parabolic upward trend of BTC relative to US stocks may have ended.
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