Bitcoin's win rate against the S&P 500 climbs back above 50%
- —Bitcoin's win rate versus the S&P 500 is back above 50%
- —The rate fell to 37.8% in mid-August, a six-year low
- —Since mid-August BTC's market cap rose about 36% versus 0.8% for the S&P 500
- —Bitcoin's 260-day correlation with the index is the lowest since 2015
Why it matters: If the win rate holds above 50%, investors may increasingly treat Bitcoin as its own asset class with distinct drivers.
Source: Crypto Briefing