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Crypto vs. Stocks: Why Bitcoin Didn’t Crash with the S&P 500

  • Bitcoin holds firm as $3.1T vanishes from U.S. stocks, sparking talk of a growing decoupling from Wall Street.
  • S&P 500 experienced a significant decline, wiping out over $3.1 trillion, while Bitcoin remained stable and unaffected by the market turmoil.
  • Major stocks such as Nvidia and Apple fell by more than 20%, highlighting the contrasting resilience of Bitcoin.
  • BlackRock's investment of $65 million in Bitcoin and the formation of a wedge in ETH draw attention to cryptocurrencies amidst the volatility of traditional markets.

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