Insights

Bitcoin, Ethereum up 37% and 35% year to date

exchange68September 13, 2024

0 2 1 minute read

Quick Take

So far in 2023, risk-on assets have blown expectations out of the water, as Bitcoin and Ethereum have increased over 35% since the start of the year.
January has seen financial markets shift expectations that interest rate policy could ease with inflation softening.
In 2022, risk assets got crushed due to rate hikes increasing at the fastest pace ever.
Nasdaq, S&P 500, Gold, and TLT are all up year to date.
Significant currencies such as the euro, pound sterling, and Russian ruble are all up on DXY year-to-date.

Asset Performance YTD: (Source: Trading View)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.