Bitcoin & Altcoins Soar While Dow Jones Drops: What’s Driving the Market?

Despite a downturn in the US stock market, Bitcoin and other cryptocurrencies have continued to climb on Thursday. This trend contrasts with the Dow Jones Industrial Average, which experienced a significant loss. The recent surge in cryptocurrency prices can be attributed to several factors, including new regulatory clarity introduced by the GENIUS Act, and a perceived safe-haven status following the US credit rating downgrade by Moody’s.