Golden Finance reported that New York Digital Investment Group (NYDIG) said that despite a seasonally weak third quarter, Bitcoin is still the best performing asset so far this year. Greg Cipolaro, head of research at NYDIG, said in a report on October 4 that sales in the third quarter grew by only 2.5%, rebounding after falling in the second quarter, but was hampered by large-scale sales during the same period. Cipolaro said: Bitcoin is still the best performing asset class in 2024, but its lead has narrowed. Bitcoin has risen 49.2% so far this year. For most of the past six months, trading has remained largely range-bound due to major resistance such as the distribution of Mt.Gox and Genesis creditors (totaling nearly $13.5 billion) and large-scale sales of BTC by the US and German governments. Cipolaro added that other assets such as precious metals and certain stock industries have risen relative to BTC, and most asset classes have ushered in a brilliant year. Bitcoin also rose 10% against the trend in September, which is usually a bearish month for the asset.
