S&P 500 outperformed the crypto market by this much since 2021
Cryptocurrencies first surged as an alternative to traditional finance (TradFi), which includes fiat currencies, banking, and the stock market. However, the cryptocurrency market has become more similar to TradFi over the years, directly competing for investors’ attention. In 2021, both the crypto and stock markets peaked at the end of a massive bull market. Since then, the latter has outperformed the total crypto market cap index – a sum of all cryptocurrencies’ capitalization. In particular, the S&P 500 kept nearly 15% more value than the cryptocurrency market. Moreover, the leading stock market index in the world just reached new all-time highs, while crypto is still halfway to its top. The S&P 500 is currently valued at $4,890, while the other has a $1.568 trillion capitalization. Notably, the total crypto market cap peaked at $3 trillion in 2021. S&P 500 vs. Total Crypto Market Cap, weekly chart. Source: TradingView Markets’ historical battle: Crypto vs. Stock ...