Type to search

Bitcoin cryptocurrency rate Ethereum News world economy world news

Bitcoin Overtook Stock Indices in Terms of Profitability.

Share
Bitcoin overtook stock

Bitcoin overtook stock indices in terms of profitability during the crisis. 

Since the beginning of the year, the first cryptocurrency has risen in price by 150%. Ethereum showed even greater growth – 270%. At the same time, the S&P 500, Nasdaq, and gold brought investors significantly fewer returns than digital assets.

Since the beginning of 2020, bitcoin has performed better than the leading stock market instruments. On November 18, the cryptocurrency rate set an annual maximum at around $ 18.4 thousand, since January it has risen in price by more than 150%. Over the same period, major US stock indexes – the S&P 500 and the Nasdaq – increased by 9% and 31%, respectively.

Gold also gave way to the main digital coin. Its cost began to rise at the end of 2019. Growth has accelerated amid the intensification of the crisis and the worsening of the situation with the coronavirus, as the precious metal is considered a defensive asset. Thanks to this, its quotes rose above $ 2,000 per ounce, but by now they have dropped to $ 1,879. The growth since January has been about 23%.

Bitcoin overtook stocks but lost to Ethereum and TESLA

Bitcoin overtook stock

At the same time, Bitcoin lost to its direct competitor, Ethereum. From the beginning of the year to November 18, the altcoin has risen in price by 270%. By the current moment, the price has risen even higher – up to $ 500. Also, the first cryptocurrency in terms of profitability was ahead of the shares of Elon Musk’s Tesla and Moderna, which is developing a vaccine against coronavirus. The growth of quotations of these companies since January amounted to 427% and 365%, respectively.

Shares of Square, owned by Twitter founder Jack Dorsey, showed significant growth since the beginning of the year. She developed the Cash App wallet, which allows you to store cryptocurrency. The company’s shares have risen in price by almost 200% since January, to $ 187, which is more than bitcoin, but less than ether.

Read actual crypto news every day on news.bitxmi.com

Join Bitxmi Exchange

Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

Leave a Comment

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

WP2Social Auto Publish Powered By : XYZScripts.com
bitcoin
Bitcoin (BTC) $ 19,091.06 0.43%
ethereum
Ethereum (ETH) $ 593.85 0.76%
ripple
XRP (XRP) $ 0.584195 0.58%
tether
Tether (USDT) $ 1.00 0.02%
litecoin
Litecoin (LTC) $ 83.01 0.75%
bitcoin-cash
Bitcoin Cash (BCH) $ 284.92 0.68%
chainlink
Chainlink (LINK) $ 13.20 0.05%
cardano
Cardano (ADA) $ 0.158792 2.23%
polkadot
Polkadot (DOT) $ 5.11 1.45%
binancecoin
Binance Coin (BNB) $ 29.52 0.10%
stellar
Stellar (XLM) $ 0.172362 0.10%
bitcoin-cash-sv
Bitcoin SV (BSV) $ 178.80 4.10%
usd-coin
USD Coin (USDC) $ 1.00 0.00%
eos
EOS (EOS) $ 2.93 1.89%
monero
Monero (XMR) $ 131.96 0.44%
nem
NEM (XEM) $ 0.261628 1.84%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,105.44 0.53%
tron
TRON (TRX) $ 0.030403 0.24%
tezos
Tezos (XTZ) $ 2.33 0.01%
cdai
cDAI (CDAI) $ 0.020907 0.06%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.063323 1.07%
okb
OKB (OKB) $ 5.12 0.06%
filecoin
Filecoin (FIL) $ 29.91 0.90%
leo-token
LEO Token (LEO) $ 1.36 0.12%
neo
NEO (NEO) $ 17.92 0.35%
cosmos
Cosmos (ATOM) $ 5.28 0.69%
vechain
VeChain (VET) $ 0.017515 6.80%
aave
Aave (AAVE) $ 89.83 5.54%
dai
Dai (DAI) $ 1.01 0.18%
dash
Dash (DASH) $ 103.10 0.04%
iota
IOTA (MIOTA) $ 0.339866 2.93%
huobi-token
Huobi Token (HT) $ 3.91 0.22%
celsius-degree-token
Celsius Network (CEL) $ 2.32 1.88%
yearn-finance
yearn.finance (YFI) $ 28,153.00 0.16%
uniswap
Uniswap (UNI) $ 3.61 1.29%
zcash
Zcash (ZEC) $ 71.93 1.00%
waves
Waves (WAVES) $ 7.59 0.89%
theta-token
Theta Network (THETA) $ 0.724731 4.49%
havven
Synthetix Network Token (SNX) $ 5.32 2.47%
ethereum-classic
Ethereum Classic (ETC) $ 6.13 2.21%
binance-usd
Binance USD (BUSD) $ 1.00 0.02%
compound-ether
cETH (CETH) $ 11.90 0.60%
compound-governance-token
Compound (COMP) $ 143.54 1.02%
omisego
OMG Network (OMG) $ 3.67 2.85%
kusama
Kusama (KSM) $ 54.99 6.50%
compound-usd-coin
cUSDC (CUSDC) $ 0.021295 0.01%
maker
Maker (MKR) $ 525.93 2.71%
ontology
Ontology (ONT) $ 0.554480 1.72%
dogecoin
Dogecoin (DOGE) $ 0.003408 0.83%
uma
UMA (UMA) $ 7.81 0.53%