Bitcoin rally breaks from US stock market as mixed macro data creates bullish setup for BTC

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Bitcoin’s movement above $80,000 is currently testing whether its recent divergence from the S&P 500 signifies a significant macro shift or simply a response to different market dynamics.

After a period of closely mirroring the US stock market, Bitcoin now appears to be breaking away from the S&P 500.

Bitcoin breakout amid S&P 500 decline
Bitcoin breakout amid S&P 500 decline on May 4