American stock market continues to rise, but Bitcoin lags behind

Global stock markets have started the month of November strongly. The seven-month stock market rally seems unstoppable anytime soon, led by major technology companies and the ongoing AI euphoria. Yet the Bitcoin price remains remarkably weak, despite the optimism on Wall Street.

American stock market futures are up

According to the latest figures from Bloomberg, the S&P 500 futures are up 0.4 percent and the Nasdaq 100 futures are even up 0.65 percent. The dollar index remained stable, indicating that investors remain confident in the current market direction for the time being.

The technology and AI sectors continue to drive the increase. Nvidia has now grown into the first stock exchange company in the world with a market value of 5 trillion dollars. According to analysts, this makes it “possibly the most influential stock in the history of Wall Street”.

AI deal for Microsoft

Microsoft is also benefiting from the AI ​​craze. The company announced a mega deal worth $9.7 billion with energy and data center group IREN, aimed at expanding their cloud infrastructure. The agreement strengthens Microsoft’s position in the global battle for computing capacity for artificial intelligence.

Yet there are also less rosy signals. In the United States, the number of business closures and layoffs continues to rise, especially in the financial and manufacturing industries. Analysts warn that this could be a first sign of a slowdown, despite the strong stock market figures.

Government still partly locked

In the meantime, the American government also remains largely closed, now that the shutdown has entered its fourth week. The consequences are starting to become painfully visible. Millions of Americans are being hit by cuts to food assistance and child care, while health care premiums are also rising.

In addition, air traffic problems arise due to staff shortages among air traffic controllers, which has led to significant delays. “It is a situation that is not sustainable,” an American union leader told Bloomberg.

Bitcoin lags behind success on the stock exchange

Interestingly, Bitcoin is lagging the broader market rally. Despite the strong performance of stocks, the Bitcoin price fell below $108,000 again this weekend. According to analysts, this is because capital flows towards risk investments are increasing, but are mainly concentrated in shares and AI-related investments.

“Investors appear to be shifting their focus from digital assets to artificial intelligence,” says a market strategist at CryptoQuant. “The stock market rally is draining liquidity from the crypto market.”

However, the general liquidity position in the market remains favorable, meaning that a recovery in the long term cannot be ruled out. For now, however, the stock boom appears to have the upper hand, and Bitcoin is on the sidelines for the first time in months.