glassnode: Bitcoin Erases 3-Day Relative Underperformance to S&P 500

BTC0%

BlockBeats News, August 21st, according to glassnode data, Bitcoin has erased a 3-month underperformance against the S&P 500 in just 3 days. The data shows that BTC has generally underperformed compared to the S&P 500 for most of the time, however, during periods when BTC outperforms the S&P 500, the excess returns are often significant.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Related NewsView all

Bitcoin's Ahr999 "Buy the Dip" indicator has reached the "Dollar-Cost Averaging Zone," and this round of buying the dip opportunity has lasted for about 82 days.

Prominent Trader Killa: Skeptical of Bitcoin Breaking $100,000 This Year, Foresees Sideways Movement Ahead

Tom Lee: BitMine Stock Correlation with ETH at 80%, ETH to Outperform BTC in This Cycle

Hot

Coins
Price
24H Change