Bitcoin’s Stealth Rally Puts It Atop the Quarterly Scoreboard Once Again
- Volatile price moves are a hallmark of the digital currency
- Market-watchers are at odds over catalysts behind big rally
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Bitcoin’s surprising fast exit from its “crypto winter” has once again put the notoriously volatile digital currency atop the leader-board in the first quarter for being the best-performing asset class by a wide margin.
With a 72% gain, Bitcoin closed out its best quarter since the three months ended March 2021, when it surged some 103%, Bloomberg data show. That vastly outstripped the S&P 500’s 7% year-to-date advance, the Nasdaq 100’s 20.5% uptick and the iShares 20+ Year Treasury Bond ETF’s 6.8% jump.