Bitcoin Gains Amid Divergent Equities Performance

Crypto markets were mixed on Thursday, with Bitcoin trading modestly higher despite US equities hovering near record highs. BTC gained about 0.22% over the past 24 hours to trade near $64,684.

The broader CoinMarketCap 20 Index rose 0.33%, while the S&P 500 traded little changed after recent record highs.

According to Thahbis Rahman, Research Analyst at Block Scholes, Bitcoin has not enjoyed the same success as US equities this year. Since the start of 2025, the S&P 500 has returned more than +25%, while BTC is down close to -35%.

However, derivatives data showed improving sentiment beneath the surface, with several indicators pointing toward a more constructive outlook for Bitcoin.