BTC Is Little Changed Following Muted Asia Trading
- December 21, 2024
- Category: Blockchain

The digital assets sector continues to outperform the stock market this year, with bitcoin leading the charge , broker Canaccord said. The broker noted that the world’s largest cryptocurrency finished the last quarter up around 140% year-on-year, outperforming ether which gained about 60% and the S&P 500 stock index, which rose almost 30%, over the same period. If bitcoin follows historical patterns it tends to rally 6-12 months following the halving, and reach new highs 2-6 months later, meaning a potential rally could start between now and April, the broker said. Bitcoin is still performing like other risk assets for now, and is reacting positively to the “lower-rate environment,” analysts led by Michael Graham wrote.