Invezz News Agency
4 hours agoInvezz
Cryptocurrency Medium Importance Neutral

Crypto wrap: Bitcoin gains as futures turn bullish despite equity divergence

Bitcoin BTC traded modestly higher on Thursday, matching the broader cryptocurrency market even as US equities hovered near record highs and investors continued to monitor macroeconomic developments ahead of the Federal Reserve's September meeting. The world's largest cryptocurrency gained about 0.22% over the past 24 hours to trade near $64,684, while the broader CoinMarketCap 20 Index rose 0.33%. The move came as the S&P 500 traded little changed after recent record highs, with markets also tracking developments surrounding a potential agreement to reopen the Strait of Hormuz. Despite Bitcoin's daily gains, its longer-term performance has continued to trail US equities.

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