Stocks, Gold, AI Are Soaring — So Why Is Bitcoin Bleeding? | US Crypto News

Bitcoin is currently underperforming traditional assets like equities, gold, and AI-driven tech stocks, which are hitting record highs, leading to investor confusion. Bloomberg strategist Mike McGlone pointed to the declining Bitcoin-to-gold ratio, suggesting Bitcoin is losing relative strength and potentially signaling upcoming market volatility. CIO of Arca, Jeff Dorman, called the sell-off strange because macro fundamentals—like Fed rate cuts and strong corporate earnings—are bullish. Dorman attributes the crypto sell-off to structural issues: crypto-native investors are exhausted, and significant institutional money from major players like Vanguard and JPMorgan has not yet entered the market meaningfully due to system constraints. This divergence suggests short-term volatility risks, but the eventual entry of institutional capital could serve as a major upside catalyst.

(Source：BeInCrypto)