LATEST: 10x Research says Bitcoin may be decoupling from the S&P 500 and could benefit alongside gold if summer jobs data pushes the Fed toward a September rate cut.

What happened

10x Research said Bitcoin is starting to move independently of the S&P 500 and could rise together with gold if summer‑jobs data leads the Federal Reserve to consider a September rate cut.

Confirmed

Global impact / market context

If Bitcoin truly decouples, it may act less like a stock‑market proxy and more like a safe‑haven asset, attracting investors who seek diversification away from equities during a potential easing of monetary policy.

Analyst inference

The comment comes as markets watch summer‑jobs reports for clues on the Fed’s next move; a softer jobs picture could push expectations for lower interest rates, which historically boost risk‑off assets such as gold and, potentially, Bitcoin.

Analyst inference

What to watch

1. Upcoming summer‑jobs numbers – weaker employment could increase expectations of a September rate cut, supporting Bitcoin and gold prices. Analyst inference
2. Bitcoin’s correlation with the S&P 500 – a sustained drop in correlation would signal a true decoupling and may change how investors allocate to crypto. Analyst inference
3. Federal Reserve statements on monetary policy – any hint of a rate cut in September would likely lift risk‑off assets and could trigger buying in Bitcoin and gold. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com