tldr; Bitcoin recorded a 2.5% gain in Q3 despite market sell-offs, maintaining a year-to-date gain of 49.2%, according to NYDIG. The cryptocurrency faced challenges from Mt. Gox and Genesis creditor distributions and government sales but still outperformed other assets. Demand from US spot ETFs and increased corporate ownership supported its performance. Bitcoin’s correlation with US stocks rose, yet it remains a diversification asset. NYDIG anticipates a bullish Q4, influenced by the US election and global economic factors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Bitcoin recorded a 2.5% gain in Q3 despite market sell-offs, maintaining a year-to-date gain of 49.2%, according to NYDIG. The cryptocurrency faced challenges from Mt. Gox and Genesis creditor distributions and government sales but still outperformed other assets. Demand from US spot ETFs and increased corporate ownership supported its performance. Bitcoin’s correlation with US stocks rose, yet it remains a diversification asset. NYDIG anticipates a bullish Q4, influenced by the US election and global economic factors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.