Bitcoin “Arguably Undervalued,” Says Analytics Firm: Here’s Why
NeutralCryptocurrency

Santiment's analysis highlights a significant shift in Bitcoin's correlation with traditional assets like Gold and the S&P 500. Historically, Bitcoin has mirrored the movements of these assets, but recent trends show a stark divergence. Since August 11, Bitcoin has seen a 15% decline, contrasting sharply with the 21% increase in Gold and a 7% rise in the S&P 500. This underperformance raises concerns about Bitcoin's valuation in the current market, suggesting it may be undervalued compared to its historical correlation with these assets. As investors seek stability, the contrasting trajectories of Bitcoin and traditional assets could influence future investment strategies and market dynamics.
— via World Pulse Now AI Editorial System







