While bitcoin and the S&P 500 often trend together, they periodically diverge during bull cycles.
The S&P 500 has been notching what seems like daily record highs, now set to climb above 6,700, while bitcoin consolidates in the $110,000-$115,000 area. In the earlier part of this current bull cycle, the S&P 500 rallied ahead of bitcoin, but the crypto eventually caught up.
— which Tuesday hit yet another in a long series of records, crossing above $3,800 per ounce for the first time. But gold isn't the only asset partying while bitcoin stagnates under $115,000. U.S. stocks have also been notching record highs on what seems to be a daily basis, including bellwether S&P 500 index, which is perched just below the 6,700 level. Even with BTC struggling of late, the world's largest crypto remains in a bull market and this isn't the first time this cycle its performance has diverged from that of the S&P 500. The first divergence occurred between March and July of 2024. During this period, the S&P 500 climbed from around 4,000 to 4,600, while bitcoin declined from just under $30,000 to $25,000. The second divergence took place later that year when the S&P 500 rallied from 5,200 to 6,000 from April to October. with only a brief summer pause. Bitcoin, however, did not follow, with its rally not beginning until November . As for this most recent divergence, the S&P 500 since May has moved steadily higher, while bitcoin has consolidated within the $110,000 to $120,000 range. Bitcoin did break to new all time highs in August, but those gains were quickly reversed, with BTC returning to the low end of its previous range. History suggests that while bitcoin and the S&P 500 often move in the same general direction, they periodically diverge for extended periods. The data from at least this current cycle suggests that bitcoin is likely to catch up to gold. HBAR rebounded from early weakness to close higher, with late-session volume surges reinforcing support and keeping bulls in control heading into the next trading window.HBAR traded between $0.217129 and $0.225507 over 23 hours, rebounding 2.5% from session lows.50 minutes ago
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