Cryptocurrency analytics platform Kaiko on January 26 shared positive data on the return in profits for investors in Bitcoin (BTC). According to the analysis, even with a recent drop in price, Bitcoin offers higher returns than gold, US bonds or the dollar.
“Despite the recent drop, BTC offers significantly higher returns than other traditional safe havens such as gold, US bonds or the dollar,” he wrote.
The platform shared a chart demonstrating the data and added: “It notably outperformed, attracting refuge flows during the US banking crisis last year.”
📊Despite the recent drop, #BTC offers significantly higher returns than other traditional safe-havens such as gold, US bonds or the dollar.
👉It has notably outperformed, attracting safe-haven flows during the US banking crisis last year. pic.twitter.com/KromDLnsoa
—Kaiko (@KaikoData) January 26, 2024
Even after significant drops and market fluctuations in 2023, the Bitcoin price registered an impressive appreciation in the last year. In one year, the price of the largest cryptocurrency increased by 80.8%.
At the time of publication, the Bitcoin price it was quoted at US$41.751,15, down 0.1% in the last 24 hours. During this period, the cryptocurrency had a trading volume of US$21.305.515.257.
In recent days, Bitcoin has experienced an increase in its price after days of correction. Bitcoin's recent rise came amid an important milestone in the network: the notable increase in active BTC addresses on the network. blockchain.
According to a data released by renowned cryptocurrency analyst, Ali Martinez, the Bitcoin network has recorded a notable increase in active BTC addresses, surpassing 1 million. According to Martinez, this increase in the network signals the growing participation and use of Bitcoin.
Bitcoin surpasses US$42 thousand
O Bitcoin price managed to test the US$42 level on January 26, after falling below US$40 at the beginning of the week. Santiment provided an analysis of the current market scenario:
“Bitcoin surpassed $42K today [January 26], although altcoins are not (yet) following suit. The SP500 had just made a new #AllTimeHigh yesterday, and the bullish argument for crypto is that $BTC and other large caps may 'regress to the mean' and try to catch up to the equity markets. The cryptocurrency sector has actually lagged behind the equity markets, especially after it started veering in the opposite direction on January 17th.”
📊 # Bitcoin crept over $42K today, even though #altcoins are not following suit (yet). The #SP500 had just made a new #AllTimeHigh yesterday, and the #bullish argument for #crypto is that $ BTC and other large caps may 'return to the mean' and play catch-up with the
(Cont) 👇 pic.twitter.com/ifLxqKRpa7
- Santiment (@santimentfeed) January 26, 2024
