Tag: performing

Worst performing crypto of 2023

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Despite the high performance of Bitcoin and Ethereum, certain cryptocurrencies lagged, emerging as the crypto biggest losers of 2023. The 2023 crypto market experienced a mix of highs and lows, with some coins emerging as cryptocurrency losers. Market data suggests that while most cryptocurrencies traded in green, notable exceptions ranked as the worst-performing crypto of the year. For example, Bitcoin (BTC) and Ethereum (ETH) reached yearly highs in December…

Best performing cryptos in 2023

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As 2023 draws closer, the cryptocurrency market is again in the green zone. Let’s find out which were the top-performing cryptos of the year. The year 2023 presented a mixed picture for the crypto market. Initially grappling with the aftermath of the FTX crypto exchange’s rapid collapse, by year-end, investors found themselves in a favorable position. Several altcoins experienced growth levels unseen in the crypto community for years. The…

Despite crash, crypto was best performing asset of 2023

The first half of 2023 has seen a major reversal in fortune for many investment assets compared to the volatility and downturns of 2022. According to a recent investment index report by Forex Suggest, cryptocurrencies and tech stocks have staged remarkable comebacks, with some assets nearly tripling in value over the past six months. The report analyzed the performance of major stock indexes, company shares, cryptocurrencies and forex pairs between January and July 2023. It found that crypto assets like Bitcoin Cash (BCH) and Solana (SOL) saw triple-digit percentage gains,…

World’s Wealthiest Cities Increase Their Millionaire Populations, with New York City and China’s Hangzhou as Best Performing

New York City and Hangzhou are the world’s wealthiest cities considering number of HNWIs and millionaire population growth. A new report on wealth growth in some of the world’s largest cities has revealed new figures for the world’s wealthiest cities. According to London-based investment migration consultancy firm, Henley & Partners, there is still some growth in millionaire numbers in several cities despite a biting recession. The report uses data recorded up to December last year. According to Henley & Partners, New York City has the highest number of high net worth individuals…

Bitcoin Becomes Best Performing Asset in 2023 as BTC Consolidates Above $30K

Popular coin Bitcoin is up 80% in 2023 and is by far the year’s best-performing asset compared to gold and others. Bitcoin (BTC) bears might be flush with some humiliation as the leading crypto becomes the best-performing asset in 2023. Once again, BTC lived up to its billing as the leading digital asset, with bulls consolidating their ranks in the price tug-of-war. However, positive signs suggest that the world’s largest crypto by market cap is on an upward trajectory. Furthermore, analysts and observers believe that the worst of the Bitcoin…

Here’s why STX, CFX, SSV, AGIX and GRT are the top performing assets in February

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The month of February was filled with investors’ hope that an earlier-than-expected Federal Reserve policy pivot would occur, but this sentiment faded as the inflation and employment data came in hotter than expected. While the start of the month was bullish for the crypto market, Bitcoin (BTC) retraced 60% of the move from February’s low at around $21,500 to the peak of $25,250.  Nevertheless, some narrative-driven rallies still caused significant price growth in some altcoins. The leading narratives were Bitcoin NFTs, liquidity staking derivatives (LSDs) on Ethereum and Artificial Intelligence…

Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year – Markets and Prices Bitcoin News

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Goldman Sachs has ranked bitcoin the best-performing asset so far this year. The cryptocurrency also tops the global investment bank’s list as the asset with the highest risk-adjusted return — above gold, real estate, the S&P 500, and the Nasdaq 100. Bitcoin Outshines Other Investments on Goldman’s Chart Global investment bank Goldman Sachs has reportedly ranked bitcoin the best-performing asset year-to-date (YTD). The Twitter account Documenting Bitcoin tweeted earlier this week: Bitcoin is the best performing asset in the world this year, according to latest data by Goldman Sachs. The…

Goldman Sachs Ranks Bitcoin As World Best Performing Asset

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Ahead of Gold, US Treasury, the S&P 500, and others, banking giant Goldman Sachs ranks Bitcoin (BTC) in the top 1 best-performing asset year-to-date, per a Twitter user. According to Goldman Sachs, Bitcoin has outperformed its cryptocurrency pairs and those major financial institutions of the traditional market with a risk-adjusted return (Sharpe ratio) of 3.1. The Sharpe Ratio is used to measure market volatility-adjusted performance; the higher the ratio, the better the investment, currency, or stock in terms of risk-adjusted returns. In terms of total and adjusted returns, Bitcoin is…

Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023 – Economics Bitcoin News

The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills that mature in a year or less similarly is said to vindicate the central bank’s devaluation of the pound. Surge in Treasury Bill Sales Foreign investors reportedly moved $925 million into Egypt’s foreign exchange market just days after the local currency’s exchange rate versus…

World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140% – Economics Bitcoin News

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Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The cedi’s reversal is said to have dented the currency’s recovery prospects. On the other hand, Ghana’s former president John Mahama and economist Steve Hanke have suggested that the country’s inflation rate is much higher than the 37.2% which was recorded in September. Cedi’s Interbank Exchange Rate Unchanged Just days after it marginally recovered from an all-time…