Digital assets have outperformed traditional stocks in the recent market recovery, with Bitcoin (BTC) approaching a new all-time high and Ethereum (ETH)
Digital assets have outperformed traditional stocks in the recent market recovery, with Bitcoin (BTC) approaching a new all-time high and Ethereum (ETH) starting to catch up, according to a new market note from crypto trading firm QCP Capital.
QCP: Crypto Outpaces Stocks in Recovery as Bitcoin Nears All-Time High
“Crypto has outperformed stocks in the recovery,” QCP wrote, pointing to Bitcoins strength in recent sessions. BTC is trading just below record highs amid improving macro conditions and rising market optimism.
Ethereum, which lagged behind Bitcoin in the rally, is starting to close the gap. The ETH/BTC ratio rose to 0.025, indicating that Ethereums performance against Bitcoin has become relatively stronger.
QCP believes digital assets still have room to rise even higher, especially with a major milestone on the horizon: Coinbases inclusion in the S&P 500 index on May 19.
This event is expected to attract billions of passive inflows and increase the visibility of crypto stocks among institutional investors.
“The prospect of Coinbase joining the S&P 500 adds fuel to the rally and reinforces cryptos growing integration into the broader financial system,” QCP said.
Market analysts are closely watching the cryptocurrencys continued decoupling from equities, with BTC and ETH showing resilience amid global market volatility and renewed investor confidence in the digital asset sector.
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