Crypto analyst Matthew Hylan has commented on the Bitcoin price action as it continues to lag behind gold and the stock market. This comes as BTC suffers another downtrend despite recent bullish macro factors.

Why The Bitcoin Price Is Lagging Behind Gold and The Stock Market

In an X post , the analyst noted that the Bitcoin price has historically lagged behind gold and the stock market, suggesting there was no reason to be concerned about the current price action. The analyst alluded to the last market cycle , when a similar occurrence occurred, but BTC eventually rallied higher then.

This was in the summer of 2020, when the stock market had recovered from the COVID crash while gold surged past $2,000 on inflation concerns. Meanwhile, the Bitcoin price ranged between $

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