Bitcoin · CoinDesk
Why bitcoin's disconnect from record-high stocks won't last
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Bitcoin's BTC $ 62,762.34 lackluster performance this year has puzzled investors.
Key facts
- Despite record highs in equities, the world's largest cryptocurrency has struggled to regain momentum while U.S. technology stocks have surged on enthusiasm surrounding AI as it currently trades
- Stablecoin transaction volume in the first half of the year has already exceeded all of 2025, while tokenized real-world assets have grown more than 60% year to date
- Bitcoin's BTC $ 62,762.34 lackluster performance this year has puzzled investors
- According to Ferraioli, bitcoin has historically taken more than a year after bear market bottoms to reclaim levels above the production costs of less efficient miners, which he currently estimates
Summary
Despite record highs in equities, the world's largest cryptocurrency has struggled to regain momentum while U.S. technology stocks have surged on enthusiasm surrounding AI as it currently trades below the $62,000 mark, down over 50% from its peak price in October. Two new outlooks from asset managers Hashdex and Charles Schwab argue the disconnect is temporary, albeit for different reasons. Samir Kerbage, chief investment officer at Hashdex, said crypto's recent weakness says more about where investors are allocating capital than about the health of the digital asset ecosystem. "Capital follows attention and narratives," Kerbage wrote in a midyear market outlook.