Bitcoin Cools Off: Stocks and Bonds Outperform in Q2
CryptoNewsTerminal Staff14 Jun, 2024
Bitcoin Cools Off: Stocks and Bonds Outperform in Q2
Bloomberg reports that stocks and bonds have outperformed Bitcoin in the second quarter of this year, potentially signaling a cooling-off in the cryptocurrency market. Since April, BTC has shed around 5%, falling behind the rally in global stocks, bonds, and commodities. Even gold has outperformed BTC over the same period. According to Noelle Acheson, author of the Crypto is Macro Now newsletter, "Some of the consolidation in BTC could be due to capitulation by miners post-halving."