- S&P 500 trends over Bitcoin.
- BTC attempts recovery as it goes over $40,000.
In recent days, the price of Bitcoin [BTC] has experienced a downward trend, dipping below the $40,000 mark at certain intervals. However, how does this decline compare to other assets such as Ethereum, the S&P 500, and gold?
S&P 500 outperforms Bitcoin
Following the announcement of 11 spot ETFs, Bitcoin’s price trend has yet to see the same upward trajectory observed before.
An examination of Santiment’s chart showed a decline in BTC’s price, with assets like Ethereum and the S&P 500 surpassing it.
Source: Santiment
Around 13th January, just days after the ETF announcement, BTC’s price began to decrease, and both ETH and the S&P 500 started trending higher.
ETH emerged as a notable winner, reaching above the $2,600 price range and trending higher than equities. However, by 17th January, equities gained momentum, while ETH started declining and BTC experienced an even more significant drop.
When BTC fell to the $41,000 price range, the S&P 500 had already started trending above the crypto assets.
As of the latest update, the S&P 500 was trading at around $4,890, marking a new all-time high and outperforming all other analyzed asset classes. This suggests that equities are performing better than cryptocurrencies and gold.
Furthermore, at the time of this report, BTC had staged a recovery and was trending above both ETH and gold, although still below equities in terms of performance.
Bitcoin sees second-highest rise in the year
A detailed analysis of the Bitcoin daily timeframe chart showed a notable recovery on 26 January, following a period of decline.
The analysis reveals that by the close of trading on 26th January, BTC had experienced a substantial gain of 4.6%. This marked the second-highest increase observed in the year thus far.
Additionally, this upward movement successfully propelled BTC above the $41,000 price range after trading below $40,000 for several days. At the current moment, BTC was trading at around $41,600, with a slight decline of less than 1%.
Source: Trading View
How much are 1,10,100 BTCs worth today
Daily active address declines
An examination of the Bitcoin daily active addresses showed a recent slowdown in activity over the past few days. The chart reveals that in the current month, Bitcoin has only reached the milestone of 1 million active addresses once.
Contrasting this trend with the previous month, it becomes evident that, during that period, the number of active addresses went over 1 million on multiple occasions. As of the current analysis, the count of active addresses was around 811,000.
Source: Santiment
clomid cycle can you get cheap clomid for sale cheap clomiphene without rx can you get cheap clomiphene prices where can i buy generic clomid without dr prescription clomid or nolvadex for pct how to buy generic clomiphene without dr prescription
More posts like this would bring about the blogosphere more useful.
With thanks. Loads of conception!
order zithromax sale – flagyl pills purchase metronidazole without prescription
order rybelsus 14 mg online – cheap semaglutide 14 mg order periactin 4mg for sale
order motilium 10mg online – order tetracycline online cheap flexeril 15mg without prescription
buy clavulanate without a prescription – https://atbioinfo.com/ oral acillin
order esomeprazole – nexiumtous buy nexium online
warfarin price – blood thinner order cozaar 50mg sale
generic meloxicam 15mg – https://moboxsin.com/ buy mobic tablets
order prednisone 10mg generic – aprep lson buy prednisone no prescription
home remedies for ed erectile dysfunction – fast ed to take medications for ed
buy amoxicillin tablets – purchase amoxil sale cheap amoxil
diflucan ca – https://gpdifluca.com/ oral diflucan 100mg
oral cenforce 100mg – how to get cenforce without a prescription buy cenforce no prescription
how much tadalafil to take – https://ciltadgn.com/ cialis side effects
ranitidine 150mg generic – order generic zantac 300mg order ranitidine 150mg
Palatable blog you be undergoing here.. It’s severely to espy great calibre script like yours these days. I justifiably respect individuals like you! Withstand guardianship!! https://gnolvade.com/es/comprar-kamagra-generico/
sildenafil 50mg – generic viagra cheap shipping legal order viagra over internet
The thoroughness in this section is noteworthy. https://prohnrg.com/product/loratadine-10-mg-tablets/
This website absolutely has all of the tidings and facts I needed adjacent to this subject and didn’t know who to ask. click
More posts like this would make the online space more useful. https://ondactone.com/product/domperidone/
With thanks. Loads of erudition!
cost generic flexeril tablets
This is the gentle of writing I in fact appreciate. http://zgyhsj.com/space-uid-977932.html
forxiga price – https://janozin.com/ buy generic dapagliflozin online
purchase orlistat for sale – https://asacostat.com/# orlistat oral
This is the compassionate of literature I rightly appreciate. http://iawbs.com/home.php?mod=space&uid=916809