Bitcoin skyrocketing as the best-performing asset since the interest rate cut
Performance after Fed, 12-month performance, CZ released and more.
Earlier this morning, Bitcoin nearly hit $65,000, skyrocketing as the best-performing asset since the interest rate cut. Second place goes to gold, which never tires of making new historic highs, day after day. It’s insane.
When we zoom out, things look even better. Bitcoin's 12-month performance has outperformed all asset classes, with a accumulate return of 150%.
To end September with gold key, CZ is to be released from prison after his four-month sentence.
Then we will be ready to start a great Q4. Historically, in the last months of the year, Bitcoin has performed on average 88%. If this happens, the asset could reach $120,000.
In this meanwhile, Long-term-holders continues his non-stoppable path do accumulation. Since 24 august, LTH has accumulated nearly 1 million Bitcoins.
https://cryptoquant.com/analytics/query/66034508994e344d141e9be9
Bitcoin's performance encouraged altcoins. Several tokens rising by more than double digits in 7 days. Unlike other times, the top performers do not have a clear narrative or cluster – like memes or defi. The top performing tokens have shown strength as individual projects. The standout performers of the weeks are TAO, HEX and Immutable.
Other Nice (or crazy) news
Coinbase announces cbBTC wrapped Bitcoin on Solana.
BNY is the first bank to receive an exemption from onerous SEC rules for digital asset custody.
Collector finds 1 bitcoin (R$352 thousand) in sticker pack.
That's it for today!
Disruptive hugs.
