Bitcoin is underperforming major asset classes despite global markets holding near record levels. The move underscores a growing disconnect between the cryptocurrencyBitcoin is underperforming major asset classes despite global markets holding near record levels. The move underscores a growing disconnect between the cryptocurrency
As Gold Soars, Bitcoin Lags Ahead of Key PCE Data Report
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Bitcoin is underperforming major asset classes despite global markets holding near record levels. The move underscores a growing disconnect between the cryptocurrency and both traditional risk assets and safe havens, according to new data from on-chain analytics firm CryptoQuant. While gold and silver have surged to fresh all-time highs, Bitcoin remains roughly 30% below its peak. At the same time, U.S. equities continue to show resilience, with the S&P 500 trading within 1% of its record high and the Nasdaq about 3% below its own, signaling that broader risk appetite has not collapsed, says CryptoQuant. https://twitter.com/cryptoquant_com/status/2003423439567356155 Safe-Haven Demand Surges as
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