Stocks just added $2 trillion in value this month. Bitcoin barely moved. Something's off.
The S&P 500 has added roughly $2 trillion in the market-cap this month alone — a strong risk-on rally. Normally, Bitcoin rides that same wave. This time, it hasn't.
BTC's holding steady above $64,000, but that's "steady," not "rallying." Three things are capping the upside: the Coldcard exploit has now grown to $120 million, uncertainty around the Clarity Act remains unresolved, and reports of Strategy liquidating BTC holdings are adding pressure.
This is a useful reminder: Bitcoin doesn't always move in lockstep with stocks, even during broad risk-on periods. When crypto-specific headwinds pile up, they can cap upside even while equities run.
Do you think BTC catches up to this stock rally, or stays capped by these headwinds? 👇
$BTC
The S&P 500 has added roughly $2 trillion in the market-cap this month alone — a strong risk-on rally. Normally, Bitcoin rides that same wave. This time, it hasn't.
BTC's holding steady above $64,000, but that's "steady," not "rallying." Three things are capping the upside: the Coldcard exploit has now grown to $120 million, uncertainty around the Clarity Act remains unresolved, and reports of Strategy liquidating BTC holdings are adding pressure.
This is a useful reminder: Bitcoin doesn't always move in lockstep with stocks, even during broad risk-on periods. When crypto-specific headwinds pile up, they can cap upside even while equities run.
Do you think BTC catches up to this stock rally, or stays capped by these headwinds? 👇
$BTC