Glassnode: Bitcoin Underperforms S&P 500 Over Past 90 Days, Market Still Dominated by US Stocks

TechFlow News, August 11, Glassnode stated that over the past 90 days, the S&P 500 index rose 5%, while Bitcoin fell 20%, and the same trend was observed over the past 7 days. The institution believes that before Bitcoin regains strong performance relative to stock indices, the current market remains dominated by US stock market trends. Notably, the Nasdaq Index lagged behind other major stock indices, indicating that the current environment is unfavorable for portfolios with high weighting in technology stocks.