Bitcoin Lags Behind U.S. Stocks Despite Risk-On Sentiment
Despite a strong risk-on recovery rally in U.S. stocks and other assets, Bitcoin has underperformed year-to-date by about 10%. The cryptocurrency's lack of upward momentum is attributed to factors such as investor positioning, ETF flows, and stalled legislative progress like the Clarity Act.
Topics: Bitcoin Clarity Act investor behavior risk-on sentiment S&P 500