Bitcoin is Nonetheless Greatest-Performing Asset YTD Regardless of Bearish Q3


Summing up the returns as on the finish of the third quarter, Bitcoin is the best-performing asset year-to-date regardless of the September crash.


Bitcoin is the Indeniable Winner

On January 1, the oldest cryptocurrency on the market began at $3,746, in keeping with Coinmarketcap data. On the time of writing, Bitcoin is buying and selling at round $8,204 as at 01:34 PM UTC. This implies a 119% year-to-date achieve, which makes BTC one of the best performing asset to date.

The possibilities are that the cryptocurrency will hold this label until the tip of the 12 months.

Bitcoin nearly touched the $14,000 stage on the finish of June. Nonetheless, the digital forex left the YTD peak to type a descending triangle that was lastly damaged beneath in September. In truth, final month Bitcoin had its worst four-weeks since November 2018 and certainly one of its worst quarters ever by way of share efficiency. Regardless of that, the king of crypto continues to dominate the area and present increased returns than traded firms, commodities, and different property.

Curiously, Bitcoin remains to be the primary violin of the crypto area because the long-awaiting altcoin season hasn’t really started but.

Main Property Are Not Even Shut

So how does BTC examine to different property? Effectively, when you test gold, an asset that shares some similarities with Bitcoin by way of shortage and use, you’ll see that it shows a 16% YTD return. The commodity has benefited from the Sino-US commerce battle, Brexit uncertainty, and geopolitical tensions.

Elsewhere, Nickel is one of the best performer amongst commodities, gaining over 63% since January 1.

The S&P 500 index has elevated by greater than 20% for the reason that begin of the 12 months. This is a wonderful end result for the US inventory market index, which up to date the document excessive a number of occasions however it’s nonetheless not sufficient to compete with Bitcoin. Right here is how the cryptocurrency compares to S&P 500, NASDAQ, oil, and gold:

Bitcoin trading chart

BTC’s efficiency and volatility stage show that it doesn’t correlate with conventional property, which makes it an amazing diversification choice.

Whereas Bitcoin has proven one of the best outcomes amongst main property, there are some high-risk property with higher returns, reminiscent of lesser-known tokens or penny shares.

Do you assume Bitcoin would be the greatest performing asset in 2020 as effectively? Share your ideas within the feedback part!


Photos through Shutterstock, BTC/USD chart by TradingView

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Comentarios cerrados.

  • bitcoinBitcoin
    (BTC)
    $ 8,190.13 0.39%
  • ethereumEthereum
    (ETH)
    $ 181.52 0.14%
  • rippleXRP
    (XRP)
    $ 0.276848 0.87%
  • bitcoin-cashBitcoin Cash
    (BCH)
    $ 230.83 1.57%
  • litecoinLitecoin
    (LTC)
    $ 57.02 1.09%
  • ethereum-classicEthereum Classic
    (ETC)
    $ 4.62 1.21%
  • bitcoin-goldBitcoin Gold
    (BTG)
    $ 8.03 1.79%
  • bitcoin-diamondBitcoin Diamond
    (BCD)
    $ 0.486406 0.53%