2024

Bitcoin

BlackRock

<ul class="news-points wp-block-list">
 <li>Bitcoin rose 2.5% in Q3 2024 despite large institutional sales and market volatility.</li>
 <li>Bitcoin ETFs continued to grow, while Ethereum ETFs lagged in performance during Q3.</li>
 <li>Increased correlation with U.S. equities to 0.46 shows Bitcoin’s shift toward traditional markets.</li>
</ul>
Bitcoin’s value increased by 2.5% in Q3 2024, despite large sell-offs, including government dumps and crypto bankruptcy settlements. Industry analysts suggest this resilience indicates increased market stability; however, the market experienced volatility due to institutional selling.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXctajQ4JUQovjhvTFrNAcXVS5MW-qceQCRfBnmv0n32NSrZWg8NVjUrukN8RDW-VmkZj5TA_RbmFcd7KMer_25uiOlLjWLD3YxFfjWSgl4Yrr369-G6ZrH5mi_6nal8PjbE15IycxhYzgzJHCgYo3vbndwr?key=xQbrYJD0b25vw8gZri0i3w" alt="">
 <figcaption class="wp-element-caption">
 Source: <a href="https://viewemail.nydig.com/q3-2024-review-and-look-ahead?ecid=ACsprvs73G8l4Ve3UFyQLN6GchQJCnnMLVYRn3syytxwYNjjL2hFUvftWn790hRlQKXZRjzMCoe7&amp;utm_campaign=Research%20Emails&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-_GdDnGYhMeLyqYyQwzKu4mpcZEzYhMOM2Oq01KDXVAxlPkGDPNQ6SAgygVeaC8hFf2YV7MGUI_5GOua1ysaIvGVcz1fnU9Tqkm-QZf9ejIVpIecSg" target="_blank" rel="noopener noreferrer nofollow">NYDIG</a>
 </figcaption>
</figure>
Despite these headwinds, Bitcoin remained the best-performing asset class in 2024, although its lead narrowed as volatility increased. The cryptocurrency market has been more volatile this year, with the VIX Index in August reaching levels seen only three times in its history. Stocks and precious metals performed well, continuing trends from 2023.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfod9xMHTjri2eAN4apbLvjD_eABQUWeppWFUXZNh9fOfR2vaTJlXQ_cN9i184oiqKTAXqwSjTKnq0i247EvEmvLAA2hD01eSTVfkaiH9MhAz4zEJWBKzfGBHIVCcOfZ-gwPALXiYjOFFPkQVn5ypQ2ogOd?key=xQbrYJD0b25vw8gZri0i3w" alt="">
 <figcaption class="wp-element-caption">
 Source: NYDIG
 </figcaption>
</figure>
This period also saw continued interest in Bitcoin ETFs (exchange-traded funds) as Bitcoin’s price rose. BlackRock continued to add Bitcoin to its ETF offerings. However, the growth of Ethereum ETFs was slower than Bitcoin ETFs, sugge…
The post <a href="https://coinedition.com/bitcoin-leads-as-top-asset-in-2024-with-2-5-q3-growth/" rel="noopener noreferrer nofollow">Bitcoin Leads as Top Asset in 2024 with 2.5% Q3 Growth</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Leads as Top Asset in 2024 with 2.5% Q3 Growth

Coin Edition

Other articles published on Oct 7, 2024

UAE Introduces VAT Exemption for Cryptocurrency Transfers and Conversions

Why Is Moo Deng Price Crashing This Week Despite Popularity?

DHS says it thwarted more than 500 crypto ransom attacks in 3 years

Are Qubetics' $1.2 Million Presale Coin, Aave's 7% Rise, And Optimism's $2.1 Billion Market Cap F...

Benjamin Cowen Analyzes Bitcoin’s Future Performance Against Altcoins

Metaplanet Adds 108.78 Bitcoin, BTC Price Reacts

Join our free newsletter for daily crypto updates!