S&P 500 High Exposes Bitcoin's Weakness
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Bitcoin's decoupling from equities has become a glaring issue. While the S&P 500 and QQQ hit new all-time highs, Bitcoin slumped below $80,000, touching $78,759.70. This divergence suggests that traders' risk appetite is not flowing into crypto as expected, undermining Bitcoin's narrative as a high-beta proxy for tech stocks. The failure to hold key support levels indicates a deeper structural problem, likely tied to regulatory uncertainty and outflows from spot ETFs. Without a catalyst, Bitcoin may continue to lag equities, challenging its status as a leading risk asset.
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