{"id":12094,"date":"2026-08-19T17:01:14","date_gmt":"2026-08-19T17:01:14","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12094"},"modified":"2026-08-19T17:01:14","modified_gmt":"2026-08-19T17:01:14","slug":"how-crypto-turned-a-68-point-deficit-into-a-market-lead-as-bitcoin-and-top-altcoins-outrun-the-nasdaq","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12094","title":{"rendered":"How crypto turned a 68-point deficit into a market lead as Bitcoin and top altcoins outrun the Nasdaq"},"content":{"rendered":"

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Bitcoin trailed the Nasdaq 100 by 68 percentage points over the past year, and it has spent the last 60 days turning that deficit into a five-point lead.<\/p>\n

According to Glassnode’s cross-asset return table, Bitcoin fell 44% over the past twelve months while the Nasdaq climbed 24%, making crypto the only asset group in the sample still sitting in negative territory.<\/p>\n

Over the last 60 days, Bitcoin gained 2% while the Nasdaq lost 3%, a 73-point swing in relative performance from where the two stood a year earlier.<\/p>\n

\"Bitcoin\"Bitcoin
Bitcoin, Ethereum and Solana show one-year losses of 44%, 56% and 58%, while equities, gold and oil remain positive.<\/figcaption><\/figure>\n

Ethereum and Solana are outrunning it<\/h2>\n

Ethereum and Solana are showing the same reversal, but more sharply. Both lost more than Bitcoin over the past year, down 56% and 58% respectively, yet both gained more over the last 60 days, up 12% and 10%.<\/p>\n

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Related Reading<\/span><\/p>\n

Bitcoin faces a Wall Street test as AI\u2019s mega-IPO wave targets the same capital<\/h3>\n

A potential mega-IPO wave led by OpenAI, SpaceX, and other AI giants could reignite risk appetite across markets, while also testing whether Bitcoin still holds its role as Wall Street\u2019s favorite high-beta trade.<\/p>\n

Jun 9, 2026<\/span> \u00b7<\/span> Gino Matos<\/span><\/p>\n<\/div><\/div>\n

That puts Ethereum 15 points above the Nasdaq over that window and Solana 13 points above it.<\/p>\n

The same pattern shows up at shorter horizons, where Bitcoin, Ethereum and Solana all posted gains over both 14 days and seven days while the S&P 500 and Nasdaq 100 fell in the same stretches.<\/p>\n

Glassnode CTO Rafael Schultze-Kraft captured the reversal in a single social post, describing crypto as slowly starting to hold its own against stocks and looking better over the past two months.<\/p>\n\n\n\n\n\n\n\n\n
Asset<\/th>\n1-year return<\/th>\n1-year spread vs Nasdaq<\/th>\n60-day return<\/th>\n60-day spread vs Nasdaq<\/th>\nWhat changed<\/th>\n<\/tr>\n<\/thead>\n
Bitcoin<\/td>\n-44%<\/td>\n-68 pts<\/td>\n+2%<\/td>\n+5 pts<\/td>\nFrom major laggard to slight leader<\/td>\n<\/tr>\n
Ethereum<\/td>\n-56%<\/td>\n-80 pts<\/td>\n+12%<\/td>\n+15 pts<\/td>\nSharpest short-term rebound<\/td>\n<\/tr>\n
Solana<\/td>\n-58%<\/td>\n-82 pts<\/td>\n+10%<\/td>\n+13 pts<\/td>\nDeepest 1-year loss, strong 60-day recovery<\/td>\n<\/tr>\n
Nasdaq 100<\/td>\n+24%<\/td>\n\u2014<\/td>\n-3%<\/td>\n\u2014<\/td>\nMomentum advantage faded<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Where the speculative dollar had been going<\/h2>\n

NYDIG’s Aug. 14 research argued that crypto trading demand weakened as the menu of competing speculative bets expanded. A trader chasing 5x or 10x payoffs can now split that appetite across Bitcoin, Nvidia, gold, equity perpetuals, zero-day options, sports event contracts and prediction markets.<\/p>\n

That framework explains Bitcoin’s one-year column, since other high-convexity trades were moving more and pulling attention and capital away from crypto.<\/p>\n

Investors shifted toward AI stocks and mega-cap IPOs in June, while semiconductor shares surged roughly 170% over the same stretch and Bitcoin fell about 40%.<\/p>\n

BlackRock’s digital assets head, Robert Mitchnick, pointed to the turn directly in August, saying Bitcoin significantly outperformed during July’s pullback in AI stocks. He called the widening decoupling from equities a constructive sign for Bitcoin’s role as a diversifier.<\/p>\n