Soon after the Bitcoin rally started dwindling, the market investors shift their interest to the US Stock market, which recently is <a href="https://decrypt.co/40349/us-stocks-outperform-bitcoin-as-btc-fails-to-break-12000" target="_blank" rel="noopener">rising</a> because of the series of political and economic development.

In late July 2020, the value of Bitcoin reduced by over $12000, however, it soon experienced a bullish recovery and by the end of August, its value in the market is stabilized.
<h2>Bitcoin Stabilizes Between $11,200 and $11,700</h2>
It is to be noted that although the value of Bitcoin started recovering, still it was not able to beat its psychological barrier of $12,000. Since August 2020, Bitcoin has remained in a stable band between $11,200 and $11,700.

As per the report, in August 2020, the value of Bitcoin in the market increased by around 3 percent. 

By the end of July, the value of Bitcoin recorded was above $11,300 and now, it has reached around $11,700. 

Compared to the performance of US stocks, the value of Bitcoin is a bit low. 

According to the reports, the hedge funds like Bitcoin have recently been beaten up by the US stocks, in terms of profitability.

The report further indicated that in the past five months the value of the S&amp;P 500 was increased by 35 percent. Notably, its value in August was up 7 percent. 
<h2>US Stock Market Recovers</h2>
Although due to the outbreak of the COVID-19 pandemic, the crypto market suffered a huge loss in March 2020, still managed to recover its losses in the past few months. 

It is to be noted that currently, the world is still dealing with this pandemic, many of the industries have been affected by it. Although the industries are operating, still they are dealing with many consequences. Check out <a href="https://app.drwealth.com/" target="_blank" rel="noopener">Dr Wealth App</a> for stock screener. Also, currently, the trading of assets has been restricted because of the COVID situation.

On one hand, the crypto market is still trying to recover properly, but on the other hand, the stock market has been recovered fully from the losses.

The US government has worked very hard to save its economy, it printed a huge amount of money which helped many companies to remain stable in the market.
<h4>Articles You May Read</h4>
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 	<li><a href="https://www.cryptoknowmics.com/news/binance-pool-plans-to-secure-more-bitcoin-mining-hash-rate/">Binance Pool Plans To Secure More Bitcoin Mining Hash Rate</a></li>
 	<li><a href="https://www.cryptoknowmics.com/news/bitcoin-mining-firm-hut8s-106-stakes-obtained-by-fidelity-investment/">Bitcoin Mining Firm Hut8’s 10.6 Stakes Obtained By Fidelity Investment</a></li>
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US Stock Dominates Bitcoin As King Coin Fail To Break Past 12k

Soon after the Bitcoin rally started dwindling, the market investors interest shifts toward the US Stock market, which recently is rising.

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.

US Stock Dominates Bitcoin As King Coin Fail To Break Past 12k

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