S&P5 vs. S&P 500: The Real Story of the Stock Market Recovery
The S&P 500 has recovered to hit new all-time highs but how real is it, and how are leading finance minds interpreting the recovery?
Price charts also are sending signals the oldest cryptocurrency might be losing steam.
And yet, bitcoin’s trading volume shows no signs of returning to previous high levels.
The market is holding that price floor well as large investors return.
Bitcoin nearly triples its price in 2020 and ends the year close to $29,000, but ether gained 450%.
While bitcoin is eyeing an August gain for the first time in three years, the cryptocurrency is still lagging U.S. stocks over the month.
According to the crypto exchange’s report, June was the most uneventful month for Bitcoin (BTC) trading since February and was marked by a reversal in correlation trends with gold and the S&P 500.