BTC again outperforms S&P 500 returns, Glassnode says

Bitcoin is once again posting stronger returns than the S&P 500, according to on-chain analytics firm Glassnode. Glassnode said Bitcoin has outperformed the S&P 500 on more trading days than it has lagged over the past few weeks. In June, Bitcoin beat the index on just one of five trading days, marking its weakest showing in more than five years. Glassnode added Bitcoin’s gains could strengthen further as investors rotate into the asset classes showing the strongest momentum.