Crypto Notable Quarterly Performer With Bitcoin Edging Higher
- Bitcoin rose 3.7%, bucking retreats for stocks and bonds
- Smooth Ethereum upgrade in quarter helped remove uncertainty
This article is for subscribers only.
Bitcoin registered a bit of a victory this quarter, even if the scale may not seem much for an asset class where outsized gains were until recently the order of the day.
The biggest cryptocurrency rose 3.7%, recently trading about $19,392, compared to declines of about 7% for MSCI’s all-country stock index and Bloomberg’s total-return global bond index. It’s a further sign crypto prices may have stabilized following dramatic declines at the start of the year. By contrast, stocks are currently around 2022 lows.