Bitcoin beats stocks, commodities to become best-performing asset of 2021
BTC is up almost 50% this year overall, brushing aside corrections and increasingly decoupling from the macro environment in Q4. Bitcoin (BTC) is officially the best-performing asset of 2021, data now confirms. As October delivers 15% gains in five days, BTC firmly outperforms macro assets worldwide to seal year-to-date returns of just under 50%.Bitcoin hodlers up 49% year-to-dateDespite Bitcoin’s wild ride throughout the year, downside has failed to grip the market, with a 60% retracement from highs in May now all but cancelled out.The largest cryptocurrency is thus at least 13% ahead of....
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It’s full bull all over again as $56,000 and a trillion-dollar market cap become the focus again for Bitcoin bulls. Bitcoin (BTC) surged even higher on Oct. 6 as its spot price saw a sudden surge upward to over $55,000, its highest since May 12.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin fully cancels out China mining routData from Cointelegraph Markets Pro and TradingView shows BTC/USD hurtling to $55,500 on Oct. 6.The level beats a previous line in the sand for bulls at $53,000, which Bitcoin reached and then reversed nearby during its previous uptick in early....
Bitcoin is up by 124% this year, outperforming stocks, bonds, and commodities to take the crown of the best-performing asset class. The world’s largest cryptocurrency had a strong performance in October especially, jumping 29% from its October bottom of $26,752 to end the month around $34,500. BTC has since broken above the $37,000 level in […]
BTC price surged toward $55,000 on Wednesday even as traditional risk assets such as stocks tumbled and the dollar rose. Bitcoin’s (BTC) meteoric rise above $50,000 this week is likely to continue well into the fourth quarter, as the psychological resistance flips to support during the next leg of the bull market, according to Bloomberg’s senior commodity strategist Mike McGlone.On Tuesday, McGlone circulated the October 2021 edition of the Bloomberg Galaxy Crypto Index, which provided an overview of where digital assets could be headed for the rest of the year. In the report, McGlone....
First Global Credit, in its latest released as mentioned few conventional assets that outperformed Bitcoin in 2016. Bitcoin has been labelled as the best performing asset of 2016 by many leading business media outlets. The performance of Bitcoin during the year was impressive, registering a 200 percent growth since day one. But, a handful of stocks seems to have done much better than Bitcoin and yet gone unnoticed. One of the well-known cryptocurrency margin trading platforms, First Global Credit has released a list of conventional stocks that performed well on its platform. The list has....
Global rate hikes are putting downwards pressure on asset prices, but Bitcoin is starting to outperform commodities and tech stocks. Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak could imply that Bitcoin has reached its bottom.In an Oct. 5 Bloomberg Crypto Outlook report, McGlone says while the rise of interest rates globally is putting downwards pressure on most assets, Bitcoin is gaining the upper hand....