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Why is crypto down while S&P hits record highs?

Selling pressure from Governments, Mt Gox, Regulators, and Inflation.

Dear Investors,

Various factors are pushing the price of crypto down.

Interestingly enough, the S&P 500 and NASDAQ keep hitting record highs. Why?

In This Letter

Crypto vs. S&P 500 and NASDAQ

Source: AI

This is something we investors often watch —> Crypto vs. S&P 500 or Nasdaq.

And lately, the fight was not looking good.

Source: Google

Source: Google

S&P 500 is up 16.75% this year (YTD 2024), Nasdaq 23.18% and crypto?

Source: Coingecko

Overall, crypto is up 31.7%*, with Bitcoin +35.62% and Ether +39.02% up even more, beating the market.

This is just to remind us that while it seems gloomy - the S&P 500 and Nasdaq are rising, and crypto is falling - we are still better than traditional stocks.

So why are we falling behind lately?

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