Bitcoin underperforms stocks, gold for the first time since 2018

Gold and stocks have underperformed in 2022, but the year has been difficult for Bitcoin (BTC) investors, in particular. Worst year for Bitcoin since 2018 Bitcoin price looks prepared to close 2022 down  nearly 70% — its worst year since the crypto crash of 2018. Bitcoin monthly returns. Source: Coinglass.com BTC’s depressive performance can be explained by factors such as the Federal Reserve hiking interest rates to curb rising inflationary pressures, followed by the collapse of many crypto firms, including Terra, Celsius Network, Three Arrow Capital, FTX, and others. Some companies had exposure to defunct businesses, typically by holding their native tokens.

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Author: NixCoin