The US inventory market’s V-shaped restoration since April has pushed the S&P 500 Index to document highs — but measured in Bitcoin, the benchmark remains to be down considerably this 12 months, underscoring the digital asset’s robust outperformance.
On Thursday, the S&P 500 Index closed at a document excessive of 6,280.46, extending its year-to-date achieve to 7%. Nonetheless, when measured in Bitcoin (BTC), the large-cap index is down 15% up to now in 2025, in line with market commentator The Kobeissi Letter.
Citing knowledge from Bitbo, The Kobeissi Letter additionally identified that the S&P 500 has dropped a staggering 99.98% in opposition to Bitcoin since 2012.
Bitcoin’s worth surged to a brand new all-time excessive on Friday, briefly topping $118,800 on Coinbase, in line with Cointelegraph Markets Professional. BTC has gained 5.5% up to now 24 hours, 9% over the past week and is up 24% up to now this 12 months.
Though Bitcoin has dramatically outperformed the benchmark inventory index since its inception, its efficiency in opposition to main tech shares like Nvidia (NVDA), Tesla (TSLA) and Netflix (NFLX) has been equally outstanding.
Analyst Charlie Bilello highlighted Bitcoin’s meteoric rise over the previous decade in comparison with these and different property, underscoring BTC’s standout outperformance.
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Bitcoin’s document rally this 12 months has been fueled partly by rising institutional demand, with traders pouring cash into BTC spot exchange-traded funds (ETFs) alongside conventional fairness funds.
As of Friday, the 12 US spot Bitcoin ETFs held a mixed 1,264,976 BTC value $148.6 billion, in line with Bitbo knowledge, representing over 6% of Bitcoin’s complete provide.
Within the first half of 2025, robust demand for Bitcoin helped push digital asset ETFs to the third-largest fund class by inflows, behind solely short-term authorities debt and gold, in line with State Avenue knowledge.
On Thursday, US spot Bitcoin ETFs noticed their second-largest every day influx on document, bringing in a complete of $1.17 billion.
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