The digital assets sector continues to outperform the stock market this year, with bitcoin (BTC) leading the charge, broker Canaccord said in a quarterly report on Monday.
The broker noted that the world’s largest cryptocurrency finished the last quarter up around 140% year-on-year (y/y), outperforming ether (ETH) which gained about 60% and the S&P 500 stock index, which rose almost 30%, over the same period.
If bitcoin follows historical patterns it tends to rally 6-12 months following the halving, and reach new highs 2-6 months later, meaning a potential rally could start between now and April, the broker said.
The Federal Reserve’s 50 basis points (bps)