For gold, S&P 500 and dollar, BTC remains off the curve in the year.
For other assets and currencies, the Bitcoin is still the best in 2020. According to a survey of digital currency performance, the year has been historic.
The past week has been important for Bitcoin, particularly with CFTC chasing BitMEX. It also marked the end of the third quarter of the year with the end of September.
For investors, the 2020 investment season is a big challenge. With the arrival of the new coronavirus pandemic, markets were indeed shaken with uncertainty.
Against all the cautionary tales, Bitcoin has gone its own way and is making an interesting return for the year.
Bitcoin is the best asset of 2020, a downturn in the last week has not affected anything
The third quarter of 2020 closed last Wednesday (30). As a result, the comparison of several assets took over the world market.
Bitcoin, for example, closed the period from July to September on a high. By gaining 17% against the dollar, Bitcoin emerges as the best asset of 2020.
This is because gold is up 24.73% and the S&P 500 increased 3.64%. The price of Bitcoin, on the other hand, rose 48.61% in the year, emerging from the markets.
It is worth noting that the 17% increase in Bitcoin is very important for the history of digital currency. This was the second highest valuation of Bitcoin in the third quarter of all history, losing only to 2017.
In addition, it was the second largest Bitcoin value at a close in its history. The fourth quarter of 2017 is still the champion, with Bitcoin closing at $13,300. In the last quarter Bitcoin was worth U$ 10600, all this in the midst of a global crisis.
Another cryptomoeda performed even better in the period
According to data from CoinMetrics, it is not only Bitcoin that has broken into traditional markets. According to performance data, Ethereum performed even better than Bitcoin and gained a lot of value.
The cryptomarket analytics house published on Twitter that people should ignore the noise. That’s because, with CFTC chasing BitMEX brokerage last week, the market saw a drop in cryptoactives.
The year’s performance, however, is still positive and shows that recent noise has not affected the market. Bitcoin, for example, is already up this Sunday (4).
Finally, Ethereum also follows the optimistic movement today and in the year already values 170% against the dollar. In the midst of the new coronavirus pandemic, cryptomycins have proved to be good value refuges.