Bitcoin, although starting the year with a bang has now been quiet so far in terms of performance, especially following its peak back in March. Despite the halving in April of this year, Bitcoin has experienced modest gains compared to the excitement of previous years. According to Ecoinmetrics, a platform known for providing insights into the cryptocurrency market, Bitcoin is up more than 30% year-to-date. In comparison, NASDAQ gained around 20% over the same period. Related Reading: Bitcoin’s MVRV Ratio Nears Critical Death Cross: Will The Market See A Bearish Shift? Bitcoin And NASDAQ: The Tightening Gap Ecoinmetrics shared a chart in its recent post on X illustrating the narrowing gap and showing how the year-to-date returns for Bitcoin and the NASDAQ have started to converge. Earlier in the year, BTC saw a significant return spike, particularly following the launch of several Bitcoin ETFs in the US, which boosted BTC prices. However, as the year progressed, Bitcoin’s performance lost steam, allowing NASDAQ to catch up. This closing gap between Bitcoin and the NASDAQ suggests that Bitc ..
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