Wu said that according to NYDIG, even after a “seasonally weak” third quarter, Bitcoin is still the best performing asset so far this year, with a gain of 49.2%. Bitcoin’s rolling 90-day correlation with U.S. stocks continued to rise in the third quarter, reaching 0.46 at the end of the quarter. The upcoming U.S. election on November 5 will have a significant impact on market performance in the fourth quarter, and if Trump wins, the market will see greater gains.
