Bitcoin outperforms S&P 500, drawing traditional market investors' attention. While $BTC surges, CrediBULL Crypto predicts new all-time highs. Read more on CT.
- As pointed out by CrediBULL, traditional markets lag while Bitcoin outperforms the S&P 500 (SPX).
- Traditional market investors shift their attention to the booming $1.3 trillion crypto market.
- CrediBULL Crypto predicts new all-time highs for Bitcoin, catching many off guard.
In a startling turn of events, Bitcoin (BTC) has been relentlessly outperforming the S&P 500 (SPX) over the past week, capturing the attention of traditional market investors and sparking a new wave of interest in the world of cryptocurrencies.
Bitcoin's outperformance of traditional markets has investors intrigued. CrediBULL Crypto predicts rapid new highs via a tweet:
Over the past seven days, Bitcoin has seen an impressive 12.11% surge, reaching a price of $34,181.27, according to CoinMarketCap data. The crypto giant, with a market capitalization of over $667 billion, has now solidified its position as the number one cryptocurrency in the market.
Market observers, including the well-known crypto analyst CrediBULL Crypto, are speculating on where the attention of traditional market investors will shift as equities remain sluggish and Bitcoin continues its remarkable ascent. The analyst tweeted, "As trad equities remain sluggish and Bitcoin continues pumping like mad, where do you think trad market investors' attention will go?". The implication is clear: Bitcoin is rapidly becoming a preferred destination for investors looking for higher returns as traditional markets struggle to gain momentum.
Read full article at CryptoTale.