Russell 2000 Hits Record High, Bitcoin Lags Behind

The Russell Two Thousand Index hits a new high, breaking a five-year drought, while Bitcoin lags behind. Historically, these two have moved in tandem, but this time, the Russells sensitivity to interest rates and the Federal Reserves rate cuts may be driving the divergence. Experts predict more rate cuts and strong earnings growth for the Russell Two Thousand, which could boost riskier assets like Bitcoin. The Federal Reserves new program to buy Treasury bills may also provide market support, potentially helping Bitcoin catch up to the record-breaking stock market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.