Bitcoin Price Slips. Why the Crypto Is Stalling Below Its Record High.

U.S. stocks hit a new high Friday—but Bitcoin has stalled short of its own record price. (GIUSEPPE CACACE/AFP via Getty Images)

Bitcoin price was sliding on Monday, with investors zeroing in on stocks, rather than cryptocurrencies, as their go-to risk-on assets.

The world’s largest token was down 0.2% over the past 24 hours, according to data from CoinDesk. It’s now about 4% off the record it hit last month.

The S&P 500 and Nasdaq Composite both marked all-time highs of their own on Friday, but Bitcoin appears not to be benefiting much from the rally.

The token has climbed 15% over the first six months of 2025—solid enough gains, but hardly the eye-popping returns that the market has come to expect in recent years.

One reason could be that interest from retail investors has dried up, with most price moves being driven by a handful of larger so-called whales, including Bitcoin treasury company MicroStrategy.

Other tokens were trading mixed on Monday. Ethereum was up 0.9%, but Solana and XRP were down 0.8% and 0.4% respectively over the past 24 hours, according to data from the crypto exchange Kraken.

Write to George Glover at george.glover@dowjones.com