Bitcoin News
By Julie Binoche
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Bitcoin Hits Peak Levels Against S&P 500. In recent trading, Bitcoin has soared to $96,953, marking a nearly 3% gain over the last 24 hours.
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BTC-to-Gold Ratio Signals Trouble. Despite Bitcoin’s solid price performance against stocks, its value relative to gold is quietly…
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Robert Kiyosaki Still Bullish on Bitcoin. Despite this red flag, Bitcoin continues to draw support from influential figures in the financial…
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Cautious Optimism as Market Eyes Fed Meeting. Bitcoin's recent price action also comes ahead of a closely watched Federal Open Market Committee…
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Conclusion: A Market Divided. Bitcoin may be gaining strength against stock indices like the S&P 500, but its slip against…
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As Bitcoin approaches its strongest performance relative to the S&P 500 in years, Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, is cautioning investors…
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Bitcoin’s recent gains have stirred fresh optimism in the crypto market. However, McGlone, who has long tracked macroeconomic indicators and Bitcoin correlations, says investors…
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Historically, a strong Bitcoin-to-S&P 500 ratio suggests growing investor preference for crypto over stocks—often driven by macroeconomic concerns, inflation fears, or…
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But McGlone is urging caution, pointing to a different chart: the BTC/XAU (Bitcoin-to-gold) ratio.
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In simpler terms, this means that while Bitcoin is becoming more valuable compared to the S&P 500, it is becoming cheaper when measured against gold.
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This divergence can be seen as a sign that, while Bitcoin is rallying in the short term, its long-term strength may be weakening in comparison to traditional safe-haven assets.
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“One reason why I trust Bitcoin is there are only ever going to be 21 million,” Kiyosaki said.
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His endorsement adds a layer of confidence for long-term holders, especially during a period when institutional interest in Bitcoin continues to grow.
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While Bitcoin has climbed from $94,670 to $97,430 recently, it also experienced a small intraday dip of 1.08% before recovering 0.6%.
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Some analysts see Bitcoin’s rising dominance and relative performance against stocks as a sign of resilience.
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