United

Wednesday

<ul>
 <li>The crypto asset seems to have broken free from the S&amp;P 500 and is creating quite a stir.&nbsp;</li>
 <li>Saylor showed the precise returns of Bitcoin and other conventional markets.</li>
</ul>
Investors are keeping a careful eye on <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> performance as it separates from conventional markets, thanks to its recent price spike. As the United States approaches its forthcoming crypto-focused election, the crypto asset seems to have broken free from the S&amp;P 500 and is creating quite a stir. The recent strong performance of Bitcoin has aroused debates in the market, as pointed out by Michael Saylor of <a href="http://microstrategy.com" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a>.
An increasing number of investors are taking notice of Bitcoin after it recently severed ties with the S&amp;P 500. In the past, the cryptocurrency’s price followed the movement of key US indices; however, this pattern has changed recently.
Speculation has been circulating since Wednesday that the Trump administration is mulling about a foreign direct product regulation to limit the shipment of semiconductor equipment to <a href="https://thenewscrypto.com/china-turns-bullish-on-crypto-plans-to-bring-regulations/" target="_blank" rel="noopener noreferrer nofollow">China</a>. The market volatility was triggered by this event and <a href="https://thenewscrypto.com/donald-trumps-assassination-attempt-fuels-bitcoin-to-63000/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump’s</a> comments on Taiwan’s payment for U.S. security.
<h3 class="wp-block-heading" id="h-leading-the-charts">Leading the Charts</h3>
Amid all this, Bitcoin has shown to be quite resilient, benefiting from both ETF inflows and Trump’s remarks on the possibility of utilizing BTC as strategic reserves for the United States.
Founder of MicroStrategy Michael Saylor has praised Bitcoin’s surge since 2020 in a recent graphic he shared on the X platform. He included a chart that showed the precise returns of Bitcoin and other conventional markets from August 10, 2020, the day that MicroStrategy implemented its Bitcoin Strategy, to provide some background.
The research states that since then, Bitcoin has shown gains of 55%, whilst the S&amp;P 500 and Nasdaq have yielded gains of 13% apiece. Contrarily, over the same time period, the price of gold increased by 5% and the price of silver by 2%.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/multiple-spot-ethereum-etfs-approved-by-nyse-arca-awaits-sec-nod/" target="_blank" rel="noopener noreferrer nofollow">Multiple Spot Ethereum ETFs Approved by NYSE Arca, Awaits SEC Nod</a>

Michael Saylor Shares Bitcoin’s Gain Since 2020, Outpacing S&P 500

Table of Contents

TheNewsCrypto

Egyéb ezen a dátumon (2024. júl. 22.) megosztott cikkek

Microsoft Outage Disrupts Global Services at Airlines, Banks, LSE

Hong Kong Launches Asia’s First Inverse Bitcoin ETF, Allowing Investors to Short BTC

Solana Surges 33% Since July 4th: FOMO Could Drive SOL to $200 Soon

Hong Kong will launch Asia’s first ever inverse Bitcoin ETF tomorrow

Metaplanet Boosts Stock with Bitcoin

Unicaja Ventures into Crypto with Bit2Me Investment

Join our free newsletter for daily crypto updates!