Crypto Stumble Amidst Global Market Surge: Why Bitcoin’s Growth Has Slowed

Global equities are experiencing a surge, driven by strong corporate earnings and optimism surrounding a potential soft landing for the economy. Institutions are favoring gold over Bitcoin due to concerns about its reliability and changing inflation-hedging preferences. This shift has been reflected in significant institutional sell-offs of crypto assets, including Bitcoin ETFs that have experienced cumulative outflows exceeding $1 billion since October 10th. These movements contribute to a growing divergence between traditional markets and crypto, as Bitcoin lags behind global market gains.