🎉Hey there, BTC enthusiasts! 🎉

While the stock market has been on a wild ride, hitting all-time highs, our beloved crypto world has been on a bit of a rollercoaster. 🎢 The largest digital assets, including BTC and ETH, have taken a hit since March. 😲

The US stock market, driven by the Nvidia hype, has been on a bull run. The S&P 500, for instance, started 2024 under 4,800 and skyrocketed to roughly 5,500 this week. 🚀 The Nasdaq Composite has soared by 19.8%, charting a peak of nearly 18,000. 📈

However, the Dow Jones Industrial Average, with little connection to the tech sector and no exposure to Nvidia, has underperformed with yearly gains less than 4%. 😔

In contrast, risk-on crypto assets like BTC and ETH have seen a different story. Despite the stock market highs, Bitcoin and Ether have declined over 10% from their yearly peaks. Other major cryptocurrencies like $SOL, $ADA, and $LINK have seen even steeper drops, falling more than 25% from their recent highs. 😱

BTC's year has been bullish, driven by the approval of spot BTC ETFs in the States in January. However, it has underperformed since the fourth halving. ETH saw a regulatory nod from the US SEC as well, but its price has lost almost all gains that came after the positive news. 😞

But, don't lose heart, crypto fans! 🥳 Despite the recent declines, BTC and ETH are still up by around 50% and 54% respectively since the start of 2024. So, keep calm and HODL on! 💪🚀

Stay tuned for more updates! 📰