Welcome to the US Crypto News Morning Briefing – your important rundown of the most important crypto development for the early days.
Get a coffee as we evaluate Bitcoin (BTC) performance associated with the S&P 500, a benchmark for US stock market performance. In the growing influence of Tradfi, Bitcoin's dominance as a class of possession has grown compared to traditional equality.
Crypto News of the Day: BTC/S&P 500 Ratio Records All-Time High
Matthew Sigel, head of research of digital assets in Vaneck, has highlights the historic outperformance of Bitcoin against the S&P 500.
Specifically, the Bitcoin/S&P 500 ratio struck a full time of $ 17.725 on May 8, reflecting the growing pioneer dominance over traditional equities.
“All-Time High: Bitcoin/S&P 500 ratio,” Sigel write.
This milestone aligns with greater market trends, including the recent bitcoin transition to briefly exceed Google to market cap metrics, as indicated in a recent US Crypto News publication publication.
For Bitcoin, the flowing came amidst the growing institutional influence, and the resulting liquidity of liquidity Sinning Analysts to re -imagine the theory of the BTC cycle.
“It seems like it's time to throw away the theory of Bitcoin cycle … It is more important to focus on how many new liquidity comes from institutions and ETFs,” Cryptoquant CEO Ki Young Nakasa said.
In growing adoption and existing jitters in the traditional market, investors see Bitcoin as a fence against financial and US Treasury risks.
$ 3.5 trillion flowing in US equity, corporate bond, and treasury fund
Reports indicate $ 3.5 trillion in the combined flow to US equity, corporate bond, and treasury funds since 2007. Interestingly, $ 2.5 trillion of that advance took place POST-2020.
Kobeissi data records a strong investor appetite for US assets. However, the ratio of Bitcoin spikes suggests a parallel transfer, with some investors favors decentralized ownership amid economic uncertainty, including inflationary and geopolitical tensions.
US equity funds, which earn $ 1.2 trillion of flows, found a $ 100 billion net flow during the 2022 bear market.
According to Sigel, it indicates temporary prevention of risk that Bitcoin seems to be sidestepped, as its long-term growth exceeds Nasdaq in many timeframes.
“Bitcoin has released Nasdaq more than 1 day, 1 week, 1 month, year-to-date, 1 year, 2 years, 3 years, 5 years, 10 years,” Sigel Nakasa said.
Meanwhile, the increase in US treasury, which hit 4.641% in early January 2025, has marked the highest since May 2024. This dampened equity fund inflows, which potentially drive investors towards Bitcoin as a fence against traditional volatility in the market.
Chart of the day
In an all-time high, the BRR Index/SPX ratio means that the value of Bitcoin has grown more than the S&P 500. It indicates the stronger investor confidence and crypto prevention in stocks.
Byte-sized alpha
Here's a summary of more news of Crypto to follow today:
- Raoul Pal predicts the dominance of Bitcoin is sinking, stating the start of the “banana zone” – a potential parabolic altcoin rally phase.
- Strategy Bitcoin handles gained 50.1%, powered by recent purchases, including 1,895 BTC for $ 180.3 million.
- The Bitcoin has passed $ 100,000 has been the biggest wipeout since 2021, with $ 970 million in liquids.
- The rank of the PI Network is 6 in Finland's leading social apps. A major announcement of the PI ecosystem is set for May 14, and users are eagerly awaiting a possible Binance list.
- XRP advanced 8% following Ripple's settlement with the SEC, but increasing revenue for short-term holders could limit the ability to break $ 2.38 resistance.
- Mara Holdings have seen a 30% year-to-year growth income, Cleanspark's Q1 2025 revenue climbed 62.5%, and Hut 8 revenue dropped by 58.1%.
- Cardano's price dropped by 10%, And the on-chain data has shown that 74.14% of ADA supply is in revenue, the signing of increased accumulation.
- SEI Labs recommends the SIP-3 to move the SEI network to just an EVM model, which removes the kosmwasm and support of the native cosmos.
Crypto pre-market overview
| Company | By the end of May 8 | Pre-market overview |
| Approach (mstr) | $ 414.38 | $ 423.18 (+2.12%) |
| Coinbase Global (coin) | $ 206.50 | $ 203.30 (-1.55%) |
| Galaxy digital holdings (glxy.to) | $ 27.67 | $ 28.90 (+4.45%) |
| Mara Holdings (Mara) | $ 14.29 | $ 14.01 (-1.95%) |
| Riot Platform (Riot) | $ 8.44 | $ 7.48 (-3.73%) |
| Core Scientific (Corz) | $ 9.45 | $ 9.51 (+0.63%) |
Refusal
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