The S&P 500 hitting another all-time high just exposed Bitcoin’s real problem
CryptoSlate
Bitcoin is struggling because unlike AI-driven megacap stocks, it lacks earnings and relies solely on liquidity, which is currently tightening.Summary
While the S&P 500 reaches new highs fueled by AI-related earnings and revenue from megacap companies like Nvidia, Bitcoin has failed to maintain its support levels. The divergence stems from the fact that Bitcoin is a non-yielding asset dependent on broad liquidity, whereas tech giants provide cash-flow durability that protects them during macro headwinds. Recent inflationary pressures, as evidenced by rising producer prices and shifting Federal Reserve rate hike expectations, have created a restrictive environment where Bitcoin suffers while cash-generating equities thrive.
(Source：CryptoSlate)