Bitcoin rose by $64,000 a week, rising by 2.6 per cent a day, to the best single-day performance in over a month. During the same period, the 500 index fell by 0.52 per cent, resulting in Bitcoin not only winning the United States share that day, but also moving in the opposite direction.
Over the last three months, it's been a long time.
CoinDesk quoted Glassnode, the chain data agency, as saying that in the past three months, Bitcoin had won 500 on only about one third of the trading day, with the remaining two thirds of the time lagging behind. This situation is less common in the near future.
In the past, bitcoin was usually seen as a risk asset with greater volatility relative to the United States share, and market increases tended to increase even more and declines were more pronounced. In recent months, however, this elasticity has diminished.
IA shares suck off part of the market.
The report mentions that the continuing AI stock boom on Wall Street has attracted more capital to large technology units and has reduced the attractiveness of other risk assets, resulting in some diversionary pressure on the encryption market.
Against this background, Bitcoin has been unable to keep up with the American stock tempo several times in the recent past. The reverse increase on Monday was seen as a less visible and relatively strong manifestation.
The cycle is back and still crushing the purchase.
In addition to changes in funding preferences, the report also refers to Bitcoin ' s own cyclical factors. According to CoinDesk, Bitcoin entered the fall phase soon after it broke in October of last year by 126,000 dollars, and the recovery of current demand is still slow.
In the longer term, the continuation of this single-day run continues to depend on changes in risk preferences, the flow of funds and the continued improvement of encryption market demand.