According to a weekly report released by Coinbase on Friday, bitcoin has underperformed the S & P 500 index since the deleveraging event in early August.
"On a risk-adjusted basis, bitcoin is now 0.50 standard deviations below its three-month average, while the S & P 500 is actually 1.41 standard deviations above its three-month average," said Coinbase analysts David Duong and David Han.
Coinbase analysts said that bitcoin's recent price performance has been volatile, with a fairly narrow trading range, a lack of narrative catalysts to drive bitcoin prices higher, and September being a seasonally difficult time for cryptocurrencies.
Analysis: Bitcoin has underperformed the S & P 500 index since the beginning of August
2024-08-30 15:27:15
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
分析：自8月初以来比特币表现不及标普500指数Next article：
Base网络成为周交易量排名第一的L2
