BTC performed better than ARKK, MSTR, COIN despite 65% fall in 2022

Hull Invest

crypto slate Bitcoin (BTC) Outperforms Ark Innovation ETF (ARKK), MicroStrategy (MSTR), and Coinbase Global (COIN) in Glassnode Data Representing Year-To-Date (YTD) Reviews of Major Assets and Currencies It was found that the performance of 2022.

According to the data, BTC fell 65.38% YTD while ARKK, MSTR and COIN lost 67.79%, 74.64% and 85.90% respectively.

YTD Assets and Currencies
YTD Assets and Currencies

DXY and Gold are the only assets that recorded increases in this analysis. Gold has gained +1.25% year-to-date, while the DXY price is up 7.55%.

The British Pound (GBP) and Euro (EUR) also ended the YTD period negative. In mid-September, the GBP fell to an all-time low against the US dollar. Then, as GBP volatility spiked, BTC became a more stable asset than the pound in October. Ethereum (ETH) also followed his BTC downtrend and in YTD he recorded a 68.32% decline.

According to a recent report from Arcane Research, 2022 was the second worst year for BTC. The major cryptocurrency he fell 65% in 2022. The worst year for BTC remains 2018, when the price registered a 73% decline.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button