Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Despite seasonal weakness, Bitcoin remains the best-performing asset

Despite seasonal weakness, Bitcoin remains the best-performing asset

Bitget2024/10/07 05:49
On October 7th, the New York Digital Investment Group (NYDIG) reported that despite experiencing "seasonal weakness" in the third quarter, Bitcoin continues to be the best-performing asset this year. Greg Cipolaro, research director of NYDIG, pointed out in a report on October 4th that sales in the third quarter only increased by 2.5%, rebounding from the decline in the second quarter, but were hindered by a large amount of selling during the same period.
 
Cipolaro said, 'Bitcoin remains the best-performing asset class in 2024, but its lead has narrowed.' Bitcoin has risen 49.2% so far this year. For most of the past six months, trading has been range-bound due to significant unfavorable factors, including distributions of nearly $13.50 billion to Mt. Gox and Genesis creditors and large sales of BTC by the US and German governments.
 
Cipolaro added that other assets such as precious metals and certain stock sectors have also risen relative to BTC, and most asset classes have ushered in a "glorious year". In September, Bitcoin also surpassed expectations by 10%, which is usually a bearish month for Bitcoin.
 
#BTC
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!