In August, the S&P 500 surged 3.12%, adding about $2.1 trillion in market value, driven mainly by AI and semiconductor stocks. Bitcoin, however, gained only 2%, trading near $64,600, as it lacks exposure to these sectors and faces additional pressures like a $120 million Coldcard wallet exploit and shrinking stablecoin supply. Rising bond yields are pulling capital away from crypto toward safer Treasury assets. Traders are also waiting for a potential Bitcoin bottom in October, linked to its four-year halving cycle, while ETF flows show mixed signals. A sustained Bitcoin price above $66,200 could open the path to higher targets around $72,000 to $74,000.
Tom Lee of Fundstrat predicts the S&P 500 will reach between 7,900 and 8,000 in August, driven by strong corporate earnings, improving investor sentiment, and ongoing AI investment. He highlights Ethereum, the Magnificent Seven tech stocks, and softw...
Crypto-linked stocks like Coinbase and Circle are increasingly moving in tandem with Bitcoin rather than the broader U.S. stock market, reflecting the industry's shift amid declining trading volumes and rising competition. This trend highlights that ...
Bitcoin has approached the $65,000 mark after consolidating in the low $60,000s, supported by easing U.S. inflation and stabilizing oil prices. Lower energy costs and cooling inflation reduce pressure on consumer prices and interest rate hikes, creat...
The S&P 500 has surged 3.12% this month, adding about $2.1 trillion in market value, nearly matching the entire crypto market's capitalization. Meanwhile, Bitcoin has only risen 2%, trading around $64,600, as it faces headwinds such as a stock rally ...
