{"id":629610,"date":"2024-07-13T12:30:51","date_gmt":"2024-07-13T12:30:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=629610"},"modified":"2024-07-13T08:54:20","modified_gmt":"2024-07-13T08:54:20","slug":"bitcoin-lags-behind-sp-500-signaling-potential-bullish-catch-up","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-lags-behind-sp-500-signaling-potential-bullish-catch-up\/","title":{"rendered":"Bitcoin Lags Behind S&P 500, Signaling Potential Bullish Catch-Up"},"content":{"rendered":"

Bitcoin has managed to record some price gains in the last week following a brutal market sell-off at the start of July which saw the crypto market leader lose 10% of its price on July 5.\u00a0 <\/span>At the moment, analysts continue to roll out observations and predictions that suggest that Bitcoin may soon pull off a market rebound and perhaps eventually embark on a highly-expected bull run.<\/span><\/p>\n

Bitcoin\u2019s ‘Rare’ Underperformance Hints At Possible Bullish Rebound\u00a0<\/strong><\/h2>\nIn an X post on Friday<\/a>, prominent blockchain analytics company Santiment provided some intriguing insights into Bitcoin\u2019s recent price behavior.\u00a0<\/span>Santiment stated Bitcoin is largely behind the S&P 500 and other equities in relation to price performance, a development which they described as a \u201crare sight\u201d over the last three years.<\/span><\/p>\n
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\ud83d\udcca Despite a mild recovery to end the week, Bitcoin's recent dip came as the S&P 500 and equities continued to flourish. This has been a rare sight for the past 3 years, with most of crypto's runs coming in tandem. BTC lagging behind suggests an eventual bullish catch up period. pic.twitter.com\/q4FnwmZMpK<\/a><\/p>\n
— Santiment (@santimentfeed) July 12, 2024<\/a><\/p><\/blockquote>\n