How does Bitcoin’s surge over the S&P 500 impact BTC prices?

Bitcoin outpaced the S&P 500 with a 3.7% gain, showing signs of reduced stock market correlation.
Strong support at $95K-$98K and minimal resistance above $ 104K positioned BTC for potential new highs.

Bitcoin [BTC] showed early signs of decoupling from equities, surging ahead of the S&P 500. As of press time, Bitcoin was priced at $100,839, with a 1.39% increase over the past 24 hours and a 7.16% rise in the last seven days.

This marks an important shift, as analysts suggest that reduced correlation to traditional markets could signal the start of a new bull market.

Bitcoin decouples from S&P 500

According to Santiment, Bitcoin has begun to outperform the S&P 500 in January 2025. While Bitcoin posted a 3.7% gain in a single day, the S&P 500 recorded a modest 0.4% increase, signaling divergence. Santiment on X (formerly Twitter) stated,

“For most of the past three years, cryptocurrency has been perceived as a ‘high-leveraged tech stock,’ but current data suggests that BTC may break away from stock market fluctuations.”

Source: Santiment

Historically, crypto markets have experienced their strongest bull runs when they have a low correlation with equities. Analysts believe that if Bitcoin can sustain its momentum and operate independently of macroeconomic factors, it could pave the way for new all-time highs in 2025.