Bitcoin Falls to Two-Month Low as Stocks Hit Record Highs

Bitcoin slid to $70,023 on Coinbase early Tuesday, its lowest level since April 7. TradingView showed a decline of more than 4% on the day and an 8% loss over the week, leaving BTC about 44% below its October peak of $126,000. The move has widened a gap with US equities: the S&P 500 topped just over 7,600 points and the Nasdaq climbed past 27,000 on Monday, both setting fresh records.

Andri Fauzan Adziima, research lead at Bitrue Research Institute, said the divergence suggests Bitcoin is behaving more like a high-beta risk asset tied to macro sentiment than an independent hedge, and he described the phase as temporary with potential for stronger relative performance once macro conditions improve.

Analytics firm Santiment added that the gap between traditional equities and crypto has become increasingly difficult for traders to ignore, with a growing investor preference for stocks over alternative assets.

United States

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