Bitcoin rose 2.6% to above $64,000 on Monday, posting its strongest daily gain in more than a month and moving sharply against the broader U.S. stock market. The S&P 500 fell 0.52% that day, giving the largest cryptocurrency a rare one-session advantage over Wall Street’s benchmark.
The move contrasts with Bitcoin’s recent trading pattern. Glassnode said BTC outperformed the S&P 500 on only about one-third of trading days during the previous three months, meaning it lagged equities roughly two-thirds of the time. Analysts have linked that weakness to capital flowing toward the artificial-intelligence stock boom and to the bearish phase of Bitcoin’s recurring four-year market cycle. Bitcoin reached above $126,000 in October before entering that downturn, which is expected to bottom by October this year.
https://www.coindesk.com/markets/2026/08/18/bitcoin-scored-a-rare-win-over-s-and-p-500-on-monday
The move contrasts with Bitcoin’s recent trading pattern. Glassnode said BTC outperformed the S&P 500 on only about one-third of trading days during the previous three months, meaning it lagged equities roughly two-thirds of the time. Analysts have linked that weakness to capital flowing toward the artificial-intelligence stock boom and to the bearish phase of Bitcoin’s recurring four-year market cycle. Bitcoin reached above $126,000 in October before entering that downturn, which is expected to bottom by October this year.
https://www.coindesk.com/markets/2026/08/18/bitcoin-scored-a-rare-win-over-s-and-p-500-on-monday