The Nvidia (NVDA)-led rally in stocks this month has now pushed the returns of the S&P 500 and the Nasdaq above that of bitcoin BTC$112,675.33.

With additional gains on Tuesday while bitcoin dipped, the S&P 500’s 17% rise year-to-date is ahead of BTC’s 16% advance. The Nasdaq has widened its lead over bitcoin, now higher by 24%. Gold continues to be the top-performing major asset class with a 50% rise.

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