Bitcoin Is Still Badly Lagging The Stock Market And Gold On This Rally

The price of Bitcoin is still badly lagging the performance of the S&P 500 and gold on this rally. You can see this from the two relative strength plot ratios on the bottom of the above chart.

Of course, Bitcoin has been doing this since the launch of the Bitcoin ETF’s earlier this year, and the Ether ETF launches hasn’t helped this trend.

The stock market had a nasty drop two weeks ago and has come back, while Bitcoin has put on a very weak bounce.