Bitcoin Is Leaving Banking Stocks in the Dust

Bitcoin Is Leaving Banking Stocks in the Dust
фото показано с : beincrypto.com

2020-5-19 03:17

Bitcoin (BTC) continues to outperform major U.S. banking stocks so far in 2020 despite seeing a massive sell-off in mid-March.

Ryan Selkis, founder of crypto analytics data provider Messari, tweeting on Monday highlighted the contrasting fortunes for Bitcoin and major U.S. banks. While stocks for the likes of Citi, JPMorgan, Bank of America, and Wells Fargo remain firmly in the red, Bitcoin is up about 37% year-to-date.

Source: Twitter

Indeed, Bitcoin has outstripped JPMorgan (negative 37.2%, the best performing of the lot) by about 300%. While both assets fell sharply in mid-March (Black Thursday), the Bitcoin price continues to recover. For banking stocks, however, the price performance has been downhill since the start of the year.

U.S. banks like many of their counterparts in mainstream finance have historically been anti-crypto. Back in 2019, Wells Fargo sparked outrage on Twitter for refusing to allow customers to buy cryptocurrency.

Wells Fargo is the worst performing of the four banks shown by Messari. Berkshire Hathaway, owned by billionaire and staunch Bitcoin critic Warren Buffett, has been curbing its stake in the bank. Indeed, a regulatory filing issued by the company on Friday showed a massive unloading of Berkshire’s stake in major U.S. banks. [Washington Post]

Apart from outperforming banking stocks, Bitcoin also continues to show a clear decoupling from the U.S. stock market. This divergence in the BTC price performance serves to reinforce the safe-haven asset narrative for the largest crypto by market capitalization.

The post Bitcoin Is Leaving Banking Stocks in the Dust appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68158.17 (+0.00%)
Объем 24H $26.398b
Изменеия 24h: 0.69 %, 7d: 1.47 %
Cегодня L: $68114.02 - H: $68598.46
Капитализация $1343.117b Rank 1
Цена в час новости $ 9692.96 (603.17%)

bitcoin major stocks banking provider founder data

Источник: beincrypto.com

bitcoin major → Результатов: 126


How Bitcoin Supply Shock Could Drive Next Major Rally: Analyst

The bitcoin price has returned to top $13k once again. A supply shock theory following the halving suggests that the next major bull cycle could be about to begin. There is no denying that bitcoin has been in its most bullish state for 16 months, and it is just a few hundred dollars away from […] The post How Bitcoin Supply Shock Could Drive Next Major Rally: Analyst appeared first on BeInCrypto.

2020-10-26 17:13


Amidst Mastercard’s Outage, Bitcoin Community Compares Its Payment Advantages

Mastercard experienced a major glitch last week, which kept their customers from charging anything on their cards. Instead, the transactions were declined. However, rather than impacting a city or even a single state, this outage had a worldwide impact, which led to a very unhappy group of users voicing their opinions on social media. Even […]

2018-7-23 09:20


Фото:

Cryptowhispers: DDoS Attacks, Major Exec in Serious Crash, Twitter Drama

Cryptowhispers explores the wildcatting world of direct denial of service (DDoS) attacks, and why the socially maladjusted tend to flock to that particular vector … especially for coin projects they hate; a popular cryptocurrency trading application executive was involved in a serious car accident on the eve of an anticipated cross promotion at Comic Con; […] The post Cryptowhispers: DDoS Attacks, Major Exec in Serious Crash, Twitter Drama appeared first on Bitcoin News.

2018-7-23 09:20


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin (BTC) Wallets Cross 48 Million for the First Time

Bitcoin has hit another milestone in its rocky journey towards global mainstream adoption. Surpassing 2022 figures in the process. The post Bitcoin (BTC) Wallets Cross 48 Million for the First Time appeared first on BeInCrypto.