Bitcoin, Gold Post Worst YTD Returns Among Major A
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Bitcoin, Gold Post Worst YTD Returns Among Major Assets, Challenging Their Safe Haven Status
Bitcoin (BTC) and gold are the only two major asset classes in the red so far in 2026, posting year-to-date losses of 27% and 3%, respectively, according to market analyst Charlie Bilello.
What makes it unusual is not just the losses themselves but the combination, with both assets never having finished as the two worst performers among the majors in a calendar year, going back to 2011.
Rotation Showing Up Across Markets
The backdrop makes the situation harder to explain, as Bilello pointed out in a recent market report. Data he shared showed the S&P 500 was up around 9% on the year, and small-cap stocks had gained 19% in the same period. Furthermore, he noted that value stocks have jumped 15%, and emerging market equities were outperforming expectations.
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