Bitcoin Drops As The S&P500 Stays Flat: What’s Behind The Divergence?

Bitcoin (CRYPTO: BTC) has fallen 12% as the S&P 500 remained flat, breaking a long-standing correlation between the two risk assets.

What Happened: On-chain analytics provider Santiment shows data that Bitcoin dropped 12.2% over the past week compared to a 1.6% drop for equities.

Historically, Bitcoin has moved in tandem with equities as global risk sentiment fluctuates. The current underperformance, despite similar macro pressures, points to disproportionate …

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