Cryptocurrency

Bitcoin, Ethereum up 37% and 35% year to date

quick take

  • So far in 2023, risk-on assets have disappointing as Bitcoin and Ethereum are up more than 35% year-to-date.
  • January saw a shift in expectations that financial markets could loosen interest rate policy as inflation softened.
  • In 2022, risk assets were crushed by the fastest interest rate hike in history.
  • Nasdaq, S&P 500, Gold, and TLT are all year-to-date.
  • Important currencies such as the Euro, Sterling Pound, and Russian Ruble have all rallied on the DXY year-to-date.
Year-to-date asset performance: (Source: Trading View)

Post Bitcoin, Ethereum are up 37%, 35% year-to-date, first appearing on CryptoSlate.

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