Bitcoin news: S&P, Nasdaq hit records as BTC stalls at $75,000, 40% off October peak - CoinDesk
SkimNews Take
Bitcoin's current stagnation, even as traditional equities hit new highs, suggests it is not consistently perceived as a safe haven or a primary beneficiary of general "risk-on" market sentiment.
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- S&P 500 and Nasdaq hit record highs as equities rally (CoinDesk)
- Investor optimism fuels stock rally and steadies oil prices (CoinDesk)
- Iran ceasefire hopes and labor optimism boost the stock rally (NYT)
- Bitcoin stalls at $75,000, about 40% below its October peak (CoinDesk)
Why it matters: Bitcoin's 40% drop from October hurts crypto funds, while record S&P 500/Nasdaq gains boost equity portfolios.
