Welcome to the US Crypto News Morning Briefing, where we provide you with a summary of the most crucial crypto developments for the day ahead. Get ready for the day with a cup of coffee as we delve into how Bitcoin is performing compared to the S&P 500, a key indicator for US stock market performance. Bitcoin's position as an asset class has been gaining prominence in comparison to traditional stocks due to the increasing influence of traditional finance.

In the latest Crypto News of the Day, Matthew Sigel, head of digital assets research at VanEck, pointed out that Bitcoin has shown remarkable performance against the S&P 500. The Bitcoin/S&P 500 ratio hit an all-time high of $17.725 on May 8, underscoring Bitcoin's growing dominance over conventional equities. This achievement aligns with broader market trends, such as Bitcoin briefly surpassing Google in terms of market cap metrics.

The surge in Bitcoin's performance is linked to the growing presence of institutional investors in the market, resulting in a significant influx of liquidity. This has led analysts to reconsider the traditional Bitcoin cycle theory, with CryptoQuant CEO Ki Young Ju emphasizing the importance of focusing on the inflow of new liquidity from institutions and ETFs instead.

Amid increasing adoption of Bitcoin and uncertainties in traditional markets, investors view Bitcoin as a safeguard against financial and US Treasury risks. Recent data indicates that there have been cumulative inflows of $3.5 trillion into US equity, corporate bond, and Treasury funds since 2007, with a substantial portion of $2.5 trillion inflows occurring post-2020. This data indicates a shift in investor preference towards decentralized assets like Bitcoin amidst global economic uncertainties, including inflationary pressures and geopolitical tensions.

Significantly, despite fluctuations in the market, Bitcoin managed to outperform the Nasdaq over multiple timeframes, indicating its resilience against short-term risk aversion in traditional markets. The surge in Bitcoin's value relative to the S&P 500 underscores the increasing investor confidence and outperformance of crypto assets compared to stocks.

Lastly, a snapshot of the US crypto market reveals pre-market overviews of various crypto equities, providing insights into companies like MicroStrategy, Coinbase Global, Galaxy Digital Holdings, MARA Holdings, Riot Platforms, and Core Scientific. Stay updated with more US crypto news unfolding today.