Bitcoin falls to 2-month low as divergence to equities deepens
Bitcoin plummeted to $70,023, a two-month low, as crypto diverges sharply from surging US equities. While S&P 500 and Nasdaq hit record highs, BTC fell 4% daily and 44% from October's peak. Analysts view this as temporary macro weakness, not permanent shift. The divergence reflects high-beta risk sentiment rather than Bitcoin's hedge properties, though contrarian indicators suggest potential reversal ahead.
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