Bitcoin scores a rare win over S&P 500 with 2.6% rise versus 0.5% fall

Bitcoin rallied 2.6% on Monday to above $64,000, marking its best daily performance in more than a month and a rare outperformance versus U.S. equities. In contrast, the S&P 500 fell 0.52%, underscoring bitcoin’s move in the opposite direction from Wall Street. The article frames this as notable because BTC has lagged the S&P 500 on roughly two-thirds of trading days over the past three months, reflecting a weaker-than-usual correlation and reduced risk appetite for crypto. Analysts cited capital rotating toward the AI-driven stock rally and bitcoin’s broader bear-market phase as key reasons for its recent underperformance. The move may signal a short-term shift in crypto sentiment, but the piece presents it mainly as a relative performance rebound rather than a broader trend reversal.