Bitcoin Price Lags as S&P 500 and Nasdaq Hit Record High

Market Rally Drives US Stock Prices to New Highs## The US stock market saw a surge in Tuesday's trading, with the S&P 500 and Nasdaq 100 reaching an all-time high. This marks a significant milestone for the markets, which are currently riding high on a wave of optimism. The rally is being driven by a combination of factors, including strong earnings reports, a decrease in bond yields, and a decline in oil prices. AMD and Amazon led the gains, with shares of the two companies climbing 2.8% and 1.9%, respectively. Bonds also gave stocks some room to breathe, with the 10-year yield easing to 5.26% after touching 5.33% on Monday.## ## The Impact on Bitcoin## Bitcoin has been stuck in a range of $84,000 to $87,000 for the past two weeks, failing to keep pace with the broader market. Analysts attribute the divergence to a lack of earnings for the largest cryptocurrency, which has not shared the AI bid. Asset manager 21Shares warned that a monthly close above $88,000 would confirm a trend change, while a slide to $81,000 could open a drop toward $71,300. The pioneer crypto now trades about 32% below its October 2025 record near $126,200.## ## Historical Context## Bitcoin has historically been volatile, with prices fluctuating wildly over the years. However, in recent months, the cryptocurrency has shown a surprising resilience, absorbing shocks and maintaining its value despite a series of market downturns. In September, Bitcoin jumped 6.2% after a weak jobs report cut rate-hike bets. Analyst Benjamin Cowen has argued that yields could fall after midterms, a shift he says could lift Bitcoin. The Federal Reserve meets on October 27 and 28, after raising rates in September for the first time in three years. Until yields drop further, the live Bitcoin price chart may keep trailing Wall Street's records.