Bitcoin Surged 22% in August as Stocks Stalled: Is BTC Decoupling?
Bitcoin jumped 22% in August as gold correlation hit a six-year high. Analysts say shifting links may aid diversification as Wall Street adopts blockchain.
Crypto · News reference
Circle (CRCL) stock extends gains as Bitcoin hits $70K. Lower Treasury yields and crypto policy news drive CRCL to key SMA levels.
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Bitcoin jumped 22% in August as gold correlation hit a six-year high. Analysts say shifting links may aid diversification as Wall Street adopts blockchain.
Anthony Scaramucci, founder of SkyBridge Capital, recently encouraged people to reject negative emotions in the face of setbacks and instead embrace “pronoia.”
Zcash has jumped to a record high and entered a top 10 of the biggest cryptocurrencies as institutional demand rises.
Top privacy coins like Dash, Monero, and Zcash prices jumped sharply and outperformed other coins as investors rotated to privacy coins.
Circle Internet Group (CRCL) stock surged 63.1% following its Q2 2026 earnings beat, driven by strong USDC circulation growth (up 19% YoY to $73.3B), improved profitability (EPS of $0.18 vs. loss of $4.48 prior year), and expanded RLDC margins (41.2% vs. 38.2%). However, reserve income growth was tempered by lower interest rates. The company raised 2026 guidance for other revenues and RLDC margins, with Arc Mainnet launch scheduled for September 16, 2026. Despite the rally, Zacks assigned a Hold rating citing flat estimate revisions and a poor Value Score.
Gold miners fall 1.9% and Bitcoin proxies sell off after August payrolls beat by 106,000, pushing September Fed hike odds to 60.2% from 49.4%.