Bitcoin stunned markets on Monday, surging 2.6% to over $64,000 — outpacing the S&P 500’s dip — a rare move that harkens back to its wilder days. But this isn’t the norm: Bitcoin has beaten the index just one-third of trading days in the past three months, acting more like a follower than a leader. The shift? AI stocks are siphoning capital from crypto, while Bitcoin’s four-year cycle remains in bear mode since its October 2021 peak. Analysts expect a bottom around October — so while Monday was a spark, it’s a sign of a quieter, evolving market.
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