CoinDesk·3 min read·medium
Bitcoin scores a rare win over S&P 500 with 2.6% rise versus 0.5% fall
O
Omkar Godbole
✦AI Summary
Bitcoin outperformed the S&P 500 with a 2.6% gain, marking a rare divergence from its typical high-beta correlation with stocks. Analysts suggest that while Bitcoin has recently acted as a laggard due to the AI stock frenzy, it is currently showing signs of independent price action.
The largest cryptocurrency rose 2.6% to over $64,000, registering its best daily performance in over a month, according to CoinDesk data. Wall Street’s benchmark equity index, S&P 500, fell by 0.52%.
businesscryptoeconomy
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