Cryptocurrency, News

Bitcoin is Up 48.7% YTD Outperforming Gold, Nasdaq, S&P500, USD, Crude Oil in 2020

The first-ranked digital currency Bitcoin (BTC) has outshined all of the other assets such as gold (XAU), US Dollar (USD), S&P 500, NASDAQ, the US 10 Year Treasury Note, and the Crude Oil in the Year-to-Date (YTD) performance in the current year of 2020. Reportedly, the top cryptocurrency is up by 48.7% on a year to date basis so far in 2020.

When the year 2020 started, the price value of Bitcoin was trading at around $7,215. After that, its price has seen various ups and downs so far. In the month of March, the leading coin even faced the worst price crash as well which took the price of the coin as down as to the $4k level. However, after that, Bitcoin has recovered outstandingly and currently, it is trading at around $10,736 with a change rate of 0.80%, at the time of writing, as per the data from CoinMarketCap. That is approximately a 48.7% increase on a year to date basis made by Bitcoin so far.

While on the other hand, if we talk about the performance of Gold (XAU) in the current year, it started the year while its price was standing at around $1,540 per ounce. According to the data from BullionVault, the safe-haven asset’s price is now trading at around $1,861.68 per ounce. That is a price increase of 20.8% approximately on the year to date basis. So, comparatively, Bitcoin has outperformed gold in the 2020’s performance.

Apart from this, Bitcoin has outperformed other asset indexes as well. The NASDAQ Composite Index has shown a Year-to-Date price increase of 21.63% so far. The S&P 500 index’s YTD price is up only by 2.09%. While on the other hand, the US Dollar (USD) index and the Crude Oil index are down 1.88% and 34.59% on a Year-to-Date basis.

So, comparatively, the king cryptocurrency BTC is on the top in terms of YTD performance in 2020.

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