Today in Markets

Stocks Rip, Crypto Dips

As Bitcoin drops, the SPX is hitting all-time highs.
Jack Inabinet Jack Inabinet Jan 20, 20241 min read
market analysis Stocks Rip, Crypto Dips

January has been a slog for crypto bulls, but traditional stock indices are marching to new highs! Why have trad markets decoupled?

The total crypto market cap (TOTAL) has plummeted 12% from its BTC ETF debut highs and is currently down 1% on the month, but the broad market S&P 500 is up 2.1% and tech-heavy Nasdaq 100 have respectively gained 2.1%, and 4.7% off their monthly opens!

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