Bitcoin rose more than 25% from below $65,000 to almost $80,000 within two days, reaching a three-month peak as it sharply outperformed US equities. Glassnode said Bitcoin had underperformed the S&P 500 on roughly two-thirds of trading days over the previous three months, the longest such streak in six years. The S&P 500 and Nasdaq then fell 1%-2% and ended a three-week winning streak, while Bitcoin extended its gains. Glassnode cautioned that the move does not yet establish a lasting decoupling, since Bitcoin often trades as a high-beta risk asset influenced by interest-rate expectations, liquidity and broader market sentiment.