Bitcoin has fallen more than 16% over the past month while the S&P 500 has gained about 5%, creating one of the clearest recent divergences between crypto and U.S. equities. The move has challenged the view that Bitcoin should reliably trade as a high-beta extension of the technology-led risk rally, especially during periods when major stock indexes are setting or approaching record highs. Bitcoin recently traded near $64,278, sharply below levels above $80,000 seen in May. The S&P 500, by contrast, has been supported by a powerful equity rally driven by artificial intelligence-linked stocks, resilient ... (full story)