Bitcoin underperforms stocks, gold for the first time since 2018

12/28 14:49

Bitcoin price looks prepared to close 2022 down nearly 70% — its worst year since the crypto crash of 2018. Meanwhile, the U.S. benchmark S&P 500 has plunged nearly 20% YTD to 3,813 points as of Dec. 28. That puts the index on its biggest calendar-year drop since the 2008 economic crisis. The bloodbath has proven to be worse for the tech-heavy Nasdaq Composite, down 35% YTD. Spot gold is up 0.14% YTD to nearly $1,800 an ounce, which makes it a better performer than Bitcoin and the U.S. stock market.
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