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Software stocks surge while Bitcoin lags, signaling a rare market split with uncertain future.

Market News
11 Aug 2026
Coindesk
View Source
Neutral
Software stocks surge while Bitcoin lags, signaling a rare market split with uncertain future.

Software stocks, represented by the iShares Expanded Tech-Software Sector ETF (IGV), have surged 40% from their April lows and reached a one-year high relative to Bitcoin, breaking a long-standing correlation. While IGV nears its record highs, Bitcoin has fallen 29% in 2026 and remains about 50% below its all-time high. Historically, such divergences ended with Bitcoin catching up, but this time the split may signal a lasting separation between software equities and digital assets. Investors are watching closely to see if Bitcoin will rebound or if software stocks will continue to outperform independently.

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