S&P 500 Remains Strong as Bitcoin Slides to a 1-Year Low
The S&P 500 climbed to new highs driven by AI stocks, contrasting sharply with Bitcoin's slide to a one-year low amid diverging market sentiment.Summary
US equities, particularly the S&P 500, rebounded, reaching near record highs, propelled by momentum in large-cap technology, semiconductor, and AI-linked stocks, alongside strength in small caps like the Russell 2000. This equity rally is increasingly supported by strong corporate earnings, with S&P 500 companies expected to show nearly 11% growth for the December quarter, shifting the focus from valuation expansion to profit justification. The macro backdrop remains supportive with solid GDP growth and contained inflation. Conversely, Bitcoin experienced significant weakness, dropping below $65,000 to a one-year low, reflecting a pronounced divergence where capital flows favor traditional risk assets tied to corporate profits over cryptocurrencies amid fading speculative appetite.
(Source：BeInCrypto)