Bitcoin is currently exactly where it was in the last two cycles, said NYDIG's research head Greg Cipolaro, who said crypto could be in for a big Q4.
Bitcoin remains the best-performing asset so far this year, even after a “seasonally weak” third quarter, says the New York Digital Investment Group (NYDIG).
Bitcoin (BTC) gained just 2.5% over Q3, bouncing back after falling in the second quarter but hamstrung by large sales over the period, said NYDIG’s research head Greg Cipolaro in an Oct. 4 note.
“Bitcoin is still the best-performing asset class in 2024, but its lead has narrowed,” Cipolaro said. He noted the cryptocurrency has seen a year-to-date gain of 49.2%.
