In the financial markets of 2025, a dramatic split unfolded — the S&P 500 surged over 16%, reaching a new all-time high, while Bitcoin fell 3% during the same period. This phenomenon is no coincidence but marks the first complete decoupling since 2014, signaling that the cryptocurrency king, once regarded as a "barometer of high-risk assets," is moving in a completely opposite direction from traditional stock markets.
Bitcoin's "Stall" and Wall Street's "Celebration"
Entering the second half of the year, tensions intensified. Bitcoin rapidly retreated from its October record high, and November became the darkest month of the year with a decline of 17.67%. During the same period, the Nasdaq Composite soared 21%, and the S&P 500 increased 14.35%. Data shows that Bitcoin continuously set new