New York Digital Investment Group (NYDIG) said Bitcoin remains the best performing asset so far this year despite a seasonally weak third quarter. Sales rose just 2.5% in the third quarter, rebounding after a drop in the second quarter, but hampered by massive sales during the same period, NYDIG head of research Greg Cipolaro said in an Oct. 4 report. Cipolaro said: Bitcoin remains 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 headwinds such as the Mt.Gox and Genesis creditor distributions (totaling nearly $13.5 billion) and large-scale BTC sales by the U.S. and German governments. Cipolaro added that other assets such as precious metals and certain stock sectors have risen relative to BTC, and most asset classes have ushered in a brilliant year. Bitcoin also rose 10% in September, which is usually a bearish month for the asset.

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