Bitcoin (BTC) has overtaken the Nasdaq and S&P 500 indices in terms of payback
Date: 2023-07-06 Author: Karina Ziganova Categories: BLOCKCHAIN
The bitcoin rate rose by more than 80% in the first half of 2023, overtaking the Nasdaq and S&P 500 indices combined
The price of bitcoin (BTC) in the BTC/USD trading pair rose 83% to $30,381 as of July, according to TradingView. In terms of its payback, the cryptocurrency overtook several US stock indices at once in the first half of 2023.
According to Google Finance, the Nasdaq Index (based on the performance of the 100 largest companies listed on the Nasdaq exchange) has increased in price by 33% to $13,816 since the beginning of the year. During the same time, the S&P 500 index (including 505 shares of 500 public companies in the United States) was able to rise by only 16.5% to $ 4455.
As a result, in terms of percentages, bitcoin outperformed the Nasdaq and S&P 500 indices combined by more than 33%. The rate of the second largest cryptocurrency by market capitalization, ether (ETH), also overtook US stock indices combined. However, ETH still failed to reach its main competitor. In the first half of the year, the price of ETH rose by 59.5% to $1914.
Gold for the first half of the year brought investors the least profit, as it rose in price by only 5.6% to $ 1928 per ounce, according to MacroTrends. Hong Kong's Hang Seng Index fell 5% to $19,110 in the first six months of 2023
