Bitcoin Is Beating the S&P 500, so Why Is $85,000 Still Out of Reach?
Bitcoin is beating the S&P 500 on more trading days than not in recent weeks. Still, the price keeps failing to hold above $85,000, and has more recently even struggled to stay clear of $80,000. On-chain data points to 12 factors, from fading ETF demand to heavy supply from long-term holders. Bitcoin Regains Strength Against The post Bitcoin Is Beating the S&P 500, so Why Is $85,000 Still Out of Reach? appeared first on BeInCrypto.
Key Takeaways
- Bitcoin is beating the S&P 500 on more trading days than not in recent weeks.
- Still, the price keeps failing to hold above $85,000, and has more recently even struggled to stay clear of $80,000.
- On-chain data points to 12 factors, from fading ETF demand to heavy supply from long-term holders.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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