“Whitcoin and the S&P 500 ofTten Trend Together, they periodically Diverge During Bull Cycles.”, – WRITE: www.coindesk.com
US Stocks Have Also Been Been Notching Record Highs on What Sems to Be A Daily Basis, Including Bellwether S&P 500 Index, Which Is Perked Just Below The 6.700 Level.
Even with BTC struggling of Late, the World’s Largest Crypto Remains in a Bull Market and this isn’n’t the first time this cycle it perforce was dyverged from.
The FIRST DIVERGENCE OCCURRED BETWEEN MARCH AND JULY OF 2024. Durying this Period, The S&P 500 Climbed from AROUND 4,000 to 4,600, While Bitcoin Declined from
The Second Divergence Took Place Later That Year Whoar When the S&P 500 Rallied From 5.200 to 6,000 from April to October. with only a brief Summer Pause. Bitcoin, However, Did Not Follow, with It Rally Not Beginning Until November (Alongside the Presidential Election Results).
As for this most recent Divergence, The S&P 500 Since May Has Moved Steadily Higher, While Bitcoin Has Consolidated Within The $ 110,000 to $ 120,000 Range. Bitcoin Did Break to New All Time Highs in August, But Those Gains Were Quickly Reversed, with Btc Returning to the Low End of Its Previos Range.
History Suggests That While Bitcoin and the S&P 500 Of Fine Move in the Same General Direction, They Periodically Diverge for Extended Periods. The Data From at Least this Current Cycle Suggests That Bitcoin Is Likely to Catch Up To Gold.
The Talks of the Deals Are In Early Stages and Prospective Investors Have Been Given Access to A Data Room Over The Past Few Weeks, Bloomberg Reported.
- TETHER IS SEEKING TO RAISE $ 15 Billion to $ 20 Billion for A 3% Stake in the Company Through A Private Placement.
- The raise would Value Tether at Approximately $ 500 Billion, Comparable to Companies Like Openai and SpaceX.
- Tether Reported A $ 4.9 Billion Net Profit in the Second Quarter, with $ 162.5 Billion in Reservations Against $ 157.1 Billion in Labilities.
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