Crypto
S&P 500 Soars Past 7,800 as Bitcoin Stays Grounded
The S&P 500 index hit an intraday record of 7,800 on August 13, while Bitcoin traded around $63,400. Despite this milestone, Bitcoin remains about 50% below its peak.
The widening gap between the two markets has caught the attention of Indian crypto traders, who are watching to see if the risk-on rally spreads beyond U.S. equities.
An analyst, Ash Crypto, highlighted that the S&P 500 had broken the 7,800 barrier while Bitcoin stayed relatively low. This contrast is significant as it shows the contrasting performance of U.S. stocks and crypto.