Markets
What to know:
- The S&P 500 is on a rampage, hitting record highs like itâs got a backstage pass to the universeâs party – aiming to bust past 6,700 –Â meanwhile Bitcoin is chilling in the $110,000-$115,000 lounge like a moody teenager who forgot their homework.
- Earlier in this bull cycle, the S&P 500 was the flashy lead actor stealing the show, but Bitcoin, like an understudy with serious attitude, eventually sashayed in and stole the spotlight.
Everyoneâs been roasting Bitcoin for its wallflower performance compared to gold – thatâs right, gold sashayed right past $3,800 per ounce, breaking records like itâs Oprah giving away prizes. “You get a record! You get a record! Everybody gets a record!” Meanwhile, Bitcoinâs stuck under $115,000 like itâs afraid of commitment.
And donât even get me started on U.S. stocks. Theyâre climbing record ladders faster than a caffeinated squirrel, with the S&P 500 perched just shy of 6,700 like a cat eyeing the cookies on the top shelf.
Even with Bitcoin struggling to find its keys, the worldâs biggest crypto is still in a bull market – thatâs right folks, still bullish, even if itâs acting like it forgot the script. And surprise! This isnât the first time Bitcoin and the S&P 500 played the awkward âIâm going one way, you go the otherâ dance.
The first time these two clashed was between March and July 2024. The S&P 500 was strutting from 4,000 to 4,600 like it owned the place, while Bitcoin was sulking from just under $30,000 down to $25,000, probably muttering something about âwhy me?â backstage.
The second time? Between April and October, the S&P 500 kept climbing like your auntâs fruitcake recipe-relentless-moving from 5,200 to 6,000 with only a brief summer siesta. Bitcoin, however, was busy practicing its presidential concession speech – didnât join the rally until November, right when the election results dropped.
Now, the latest episode: since May, S&P 500 has been kissing the sky while Bitcoin plays musical chairs between $110,000 and $120,000. It did hit a high note in August (Bravo!), but then quickly slipped back like it was distracted by a squirrel on the investment tree.
Historyâs pretty clear here – Bitcoin and the S&P 500 often tango together, but sometimes they do that awkward shuffle-step and go their separate ways for a while. And if this current saga is any guide, Bitcoinâs going to hustle and catch up with gold – because hey, even bulls like to show up fashionably late. đđ°
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2025-09-23 19:15