CoinDesk·3 min read·hard
S&P 500 has added crypto's $2 trillion market cap this month. Bitcoin is not impressed. Here's why
O
Omkar Godbole
✦AI Summary
Despite a record-breaking rally in the S&P 500 driven by AI and semiconductor stocks, Bitcoin has remained stagnant. Analysts suggest that the current market surge is sector-specific and lacks the broad macro-economic impulse typically required to lift crypto assets.
The S&P 500 has gained 3.12% this month, adding roughly $2.1 trillion in market cap and pushing its total value to a record $70.5 trillion, with its price at 7,723 points. The Nasdaq and Dow are buoyant too. Wall Street, by every measure, is in full risk-on mode.
economycryptotechnology
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