In a November 11, 2026 report, PANews cited Bloomberg on a widening gap between Bitcoin and US equities. Bitcoin had failed to match a sharp rebound in US technology stocks and performed even more weakly when stocks subsequently fell. It was trading in a relatively low-volatility, weak range.
At the time, Bitcoin was down about 16% for the year, while the S&P 500 was up about 10%—a gap of roughly 26 percentage points. Bitcoin had also lagged US stocks over the preceding one- and six-month periods.
The proposed explanation was a shift in where risk-seeking capital could go. Market analysts suggested that AI-related investments and some small-cap stocks were drawing more interest, while high yields and the aftermath of large crypto-market liquidations could be weighing on Bitcoin demand. The report also cited what it described as a record Binance hack as a possible pressure on demand.
Those are proposed contributors, not proof of a single cause. The reported performance gap challenges the assumption that Bitcoin must rise alongside other risk assets; it does not, by itself, establish what Bitcoin would do next. Analysts warned that cautious sentiment left room for another decline.
Original report: PANews, November 11, 2026, 08:56 (UTC+8).