How Bitcoin Outperformed Both the S&P 500 and Nasdaq in First Half 2020

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Despite major setbacks from the Black Thursday market collapse, the cryptocurrency market and Bitcoin had a strong H1 close. The leading crypto asset by market cap also beat the best performing stock market index by nearly double. Will the strength continue into the second half of the year? Recounting The Rollercoaster Ride That Was The First Half of 2020 The stock market saw a record quarterly decline when Q1 came to a close. Bitcoin and crypto, however, hadn’t fared quite as bad, despite both markets being crushed during the Black Thursday selloff. Crypto assets like Bitcoin, Ethereum, XRP, and others, have spent three or more years in a bear market. These highly oversold assets were poised for a new uptrend when the massive crash occurred. RELATED READING | FADING BITCOIN VOLATILITY VERSUS NASDAQ MAY SIGNAL BULL MARKET IS HERE Meanwhile, the stock market was coming off setting a new all-time…

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