Bitcoin Lags Stocks and Gold as Year-End Rally Bypasses Crypto
This article first appeared on GuruFocus.
Bitcoin (BTC-USD) is closing out the year on the sidelines, even as broader markets lean into seasonal optimism. The cryptocurrency is trading around $87,370, locked in an $85,000 to $90,000 range, and showing little of the volatility that once defined it. That contrast is becoming harder for investors to ignore. US equities have pushed higher into a Santa rally, lifting the S&P 500 to a record close, while gold has climbed to fresh all-time highs near $4,500 an ounce. Bitcoin, meanwhile, is down more than 7% for the year and has struggled to attract either risk-on enthusiasm or defensive flows.
The inertia follows a sharp reversal earlier in the quarter. A heavy selloff in October…
