Bitcoin gained more than “every property group” over the course of 2024, according to a new record, undoing association with equities, silver, and the U. S. money in the third quarter thanks to a late-year price surge.
In response to Donald Trump’s victory in November, Bitcoin broke away from significant resources in a report from New York Digital Investment Group, but it could also move in that direction.  ,
Bitcoin has frequently moved in line with U. S. equities—particularly technology companies —as it is considered by many to be a “risk-on” property. It has also commonly done well in a low-interest level environment.
” With Crypto increasingly owned by traditional business owners, it’s natural to expect relationships to change”, the NYDIG document read, referring to the fresh Bitcoin ETFs trading on stock markets.  ,
In the current political environment, the guarantee of a non-sovereign signed store of value is an appealing investment, according to the statement. It should not be influenced by the same macroeconomic factors as, say, the US stock market.
Bitcoin surged to new peaks after President-elect Trump’s November 5 success. The coming president campaigned on a promise to slice rules and help the online asset industry, and NYDIG credits Trump’s win as the “main driver” for Bitcoin’s surge.
By December 17, the biggest online gold had hit a fresh all-time of$ 108, 135, CoinGecko data shows. Since then, it has fallen and is now trading for$ 99,600. Earlier this week, it briefly dipped below the$ 90, 000 mark before a resurgence back above$ 100, 000.
In its analysis, NYDIG added that Bitcoin outperformed all other asset classes by a sizable percentage in 2024, increasing by nearly 47 % in the last quarter and by almost 120 % from January to the finish of the year.  ,
The biggest crypto has historically moved both toward the share market and gold. Is it gradually developing into a distinct advantage course?
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