Bitcoin Drops Over 16% in a Month While S&P 500 Gains 5% Charles Schwab’s Jim Ferraioli said Bitcoin’s recent underperformance is less abou…
Bitcoin Drops Over 16% in a Month While S&P 500 Gains 5%
Charles Schwab’s Jim Ferraioli said Bitcoin’s recent underperformance is less about Strategy’s small BTC sale and more about BTC losing its momentum-trade appeal. BTC has fallen more than 16% over the past month, while the S&P 500 has gained about 5%, as capital rotates into AI, gold, commodities, hot IPOs and other high-momentum assets.
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