- Crypto market experiences pullback amid S&P 500’s bullish trend.
- Analyst points to Bitcoin cycle peak indicators.
- Institutional inflows expected due to Coinbase’s S&P 500 inclusion.
The crypto market experiences a pullback as the S&P 500 continues its bullish trend.
- Crypto market experiences pullback amid S&P 500’s bullish trend.
- Analyst points to Bitcoin cycle peak indicators.
- Institutional inflows expected due to Coinbase’s S&P 500 inclusion.
Coinbase, the only crypto-native firm in the S&P 500, and analyst insights point to a Bitcoin market cycle peak, leading to a crypto market pullback.
Market Dynamics
The crypto market faces a downturn, while the S&P 500 shows continued bullish movement, driven by macroeconomic adjustments and sector rotation.
Coinbase, under CEO Brian Armstrong, has gained attention due to its recent inclusion in the S&P 500, attracting institutional investors. Ki Young Ju of CryptoQuant highlights a cycle peak for Bitcoin, signaling potential declines.
Bitcoin’s price went down 0.20% within 24 hours, despite a pause in US-China tariffs boosting equities. Coinbase shares rose by 15.77%, buoyed by its new S&P 500 listing and institutional interests.
In my view, there are signs that this is the end of the bull cycle that lifted valuations to record highs in 2024. Key on-chain data supports that Bitcoin bulls stand no chance, and the uptrend is over.
— Ki Young Ju, Co-founder, CryptoQuant
The equity rally contrasts with the crypto decline, with crypto-related stocks thriving due to corporate catalysts. Coinbase’s inclusion promises long-term institutional inflows.
No significant funding programs emerged post-decline, and on-chain data shows a cycle peak in Bitcoin’s realized cap, affecting the price trend. Crypto mining equities and exchange firms show resilience amidst sector transformation.
Potential outcomes involve continued equity growth alongside possible crypto volatility, while institutional and passive fund support could offset spot market weakness. Historical trends underline crypto’s occasional divergence from traditional equities, offering insights into current market dynamics.
