📉 S&P 500 Hits Record High—but Still Down 15 % in Bitcoin Terms

🏔️ S&P 500 Surges, Yet Bitwise Still Trails

• On Thursday, the S&P 500 closed at a record 6,280.46, marking a solid 7 % YTD gain—a classic V-shaped recovery since its April dip.
• However, when measured in Bitcoin terms, it's down ~15 % YTD, according to The Kobeissi Letter, which also notes a staggering 99.98 % decline vs. BTC since 2012.

🚀 Bitcoin’s Record Surge in 2025

• Bitcoin reached a new high above $118,000, peaking near $118.8K, up 24 % this year and 9 % over the past week.
• Institutional demand surged, with 12 U.S. spot BTC ETFs holding 1.26M BTC (~6 % of supply) totaling around $148.6B AUM.
• Spot Bitcoin ETFs recorded a historic second-largest daily inflow of $1.17B.

💡 Why Bitcoin Keeps Pulling Ahead

1. ETF Mania: Massive institutional capital and increased accessibility via spot-funds.
2. Store-of-Value Hedge: Investors view BTC as alternative inflation insurance.
3. Tech Linkage: Bitcoin mirrors equity performance but outpaces it in gains.

Analyst Charlie Bilello pointed out that BTC has outperformed not just the S&P but also giants like Nvidia, Tesla, and Netflix.

🔍 Key Takeaways

• Despite the S&P’s record, Bitcoin’s dominant surge leaves equities trailing in terms of performance.
• BTC’s ascent highlights its growing role as a core institutional asset, not just a speculative token.
• Spot-ETF inflows position BTC as the third-largest investment theme, after short-term debt and gold.
• As traditional assets plateau, BTC remains an outlier—though volatility is still a factor to watch.

🛒 Looking to Trade Crypto?

Stay agile with crypto exposure via stablecoins. Get a KXZ.Store Binance Gift Card to instantly redeem USDT or USDC for Bitcoin or altcoin trading with ease.