Bitcoin Struggles As Stock Market Hits All-Time High
Baystreet·- Bitcoin and major cryptocurrencies remained rangebound while the U.S. stock market surged to all-time highs on Aug. 4. - The S&P 500 reached 7,736.52 and the Dow Jones Industrial Average surged over 900 points to 54,085.88 amid declining crude oil prices and strong corporate earnings. - Capital flows into equities came at the expense of crypto, leading Hashdex to close and liquidate its $14.7 million U.S. spot Bitcoin ETF due to liquidity concerns.