CandleFocus Cryptocurrencies Continue to Outperform the Stock Market: Canaccord
2024-10-01
Author: Content Editor
According to a quarterly report by broker Canaccord, digital assets, including Bitcoin, have outperformed the stock market this year. Bitcoin finished the last quarter up 140% year-on-year, outperforming Ether and the S&P 500. The report suggests that if Bitcoin follows historical patterns, a rally could start between now and April, following the halving event. The report also notes that Bitcoin's correlation to risk assets has decreased, but it still performs similarly to other risk assets for now. Additionally, the report highlights the potential positive effects of future rate cuts and the growth of stablecoin supply.
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