why crypto’s biggest bull case failed? — TradingView News
Bitcoin’s 3% decline in 2025 while the S&P 500 soared 16% marks a historic divergence, the first time since 2014 that the world’s largest cryptocurrency has underperformed equities during a substantial market rally.
This decoupling highlights a major crack in the institutional-adoption story that fueled so much crypto optimism going into 2025.
Spot Bitcoin ETF approvals, clearer rules under the Trump administration, and expectations of a dovish Fed were all supposed to open the floodgates for institutional money, but that surge never truly arrived.
Instead, mega-cap tech stocks and AI-driven equities captured nearly all the flows, leaving Bitcoin marooned in a consolidation pattern that has tested the patience of even hardened crypto…
