Bitcoin

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 <p>The broader equity market has been underperforming of late. A recent <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Barchart revealed that the S&amp;P 500 market breadth recently fell to its lowest level since June 1. At the moment, only 43% of companies listed on the <a rel="noopener noreferrer nofollow" title="SPX" href="https://thebittimes.com/tag/spx.html">SPX</a> are trading above their 200-day moving averages.</p> 
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   <img decoding="async" src="https://cdn.thebittimes.com/images/2023/09/22/2444392136d732e42d7c5633fd25fb95.webp" alt class="wp-image-113004" style="width: 100%;height:423px" width="609" height="423" srcset="https://cdn.thebittimes.com/images/2023/09/22/2444392136d732e42d7c5633fd25fb95.webp 1024w, https://cdn.thebittimes.com/images/2023/09/22/2444392136d732e42d7c5633fd25fb95.webp 300w, https://cdn.thebittimes.com/images/2023/09/22/2444392136d732e42d7c5633fd25fb95.webp 768w, https://cdn.thebittimes.com/images/2023/09/22/2444392136d732e42d7c5633fd25fb95.webp 380w, https://cdn.thebittimes.com/images/2023/09/22/2444392136d732e42d7c5633fd25fb95.webp 550w, https://cdn.thebittimes.com/images/2023/09/22/2444392136d732e42d7c5633fd25fb95.webp 800w, https://cdn.thebittimes.com/images/2023/09/22/2444392136d732e42d7c5633fd25fb95.webp 1063w" sizes="(max-width: 609px) 100vw, 609px"> 
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     Source: Barchart 
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 <p><strong>Also Read: 95% of NFTs Have a Market Cap of 0 Ether</strong></p> 
 <p>In fact, the benchmark U.S. equity index also scripted another bearish record a few hours ago. Over the past 103 days, the <a rel="noopener noreferrer nofollow" title="SPX" href="https://thebittimes.com/tag/spx.html">SPX</a> has not registered a decline of more than 1.5%. However, on Thursday, Sept. 22, it closed 1.64% lower, breaking the streak. Nevertheless, Barchart pointed out that its record of not declining more than 2% still remains intact. In fact, it just hit 147 straight days, the longest stretch of time since February 2018.</p> 
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   <img decoding="async" src="https://cdn.thebittimes.com/images/2023/09/22/73cc5f5db40e25386f9eed1cc62d0bbc.webp" alt class="wp-image-113005" style="width: 100%;height:399px" width="577" height="399" srcset="https://cdn.thebittimes.com/images/2023/09/22/73cc5f5db40e25386f9eed1cc62d0bbc.webp 1024w, https://cdn.thebittimes.com/images/2023/09/22/73cc5f5db40e25386f9eed1cc62d0bbc.webp 300w, https://cdn.thebittimes.com/images/2023/09/22/73cc5f5db40e25386f9eed1cc62d0bbc.webp 768w, https://cdn.thebittimes.com/images/2023/09/22/73cc5f5db40e25386f9eed1cc62d0bbc.webp 380w, https://cdn.thebittimes.com/images/2023/09/22/73cc5f5db40e25386f9eed1cc62d0bbc.webp 550w, https://cdn.thebittimes.com/images/2023/09/22/73cc5f5db40e25386f9eed1cc62d0bbc.webp 800w, https://cdn.thebittimes.com/images/2023/09/22/73cc5f5db40e25386f9eed1cc62d0bbc.webp 1073w" sizes="(max-width: 577px) 100vw, 577px"> 
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     Source: Barchart 
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 <p><strong>Also Read: 97.5% of New Bitcoin Investors Are at a Loss</strong></p> 
 <h3 class="wp-block-heading" id="h-crypto-vs-equities">Crypto vs. Equities</h3> 
 <p>Bitcoin is in the midst of one of its most rough bear markets. From its all-time high price of $69,000, the asset is down by more than 60% at the moment. Nevertheless, its return distribution is similar to that of large-cap stocks like <a rel="noopener noreferrer nofollow" title="Nvidia" href="https://thebittimes.com/tag/nvidia.html">Nvidia</a> and Tesla.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="279" src="https://cdn.thebittimes.com/images/2023/09/22/91bf9ccc78acc6c0c61c6f383da2751d.webp" alt class="wp-image-113000" srcset="https://cdn.thebittimes.com/images/2023/09/22/91bf9ccc78acc6c0c61c6f383da2751d.webp 1024w, https://cdn.thebittimes.com/images/2023/09/22/91bf9ccc78acc6c0c61c6f383da2751d.webp 300w, https://cdn.thebittimes.com/images/2023/09/22/91bf9ccc78acc6c0c61c6f383da2751d.webp 768w, https://cdn.thebittimes.com/images/2023/09/22/91bf9ccc78acc6c0c61c6f383da2751d.webp 380w, https://cdn.thebittimes.com/images/2023/09/22/91bf9ccc78acc6c0c61c6f383da2751d.webp 550w, https://cdn.thebittimes.com/images/2023/09/22/91bf9ccc78acc6c0c61c6f383da2751d.webp 800w, https://cdn.thebittimes.com/images/2023/09/22/91bf9ccc78acc6c0c61c6f383da2751d.webp 1160w, https://cdn.thebittimes.com/images/2023/09/22/91bf9ccc78acc6c0c61c6f383da2751d.webp 1468w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source: Moomoo 
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 <p><strong>Also Read: Binance, CZ File to Dismiss SEC Lawsuit</strong></p> 
 <p>Since BTC trades around the year, it is natural to expect more price discovery from this asset when compared to others. However, a recent analysis by Ecoinometrics pointed out that Bitcoin was not an “outlier” per se. To a fair extent, its ROI pattern has been similar to that of a few prominent stocks. The analysis pointed out,</p> 
 <p>“<strong>When you look at the profile of the monthly returns for those three [Bitcoin, Tesla, <a rel="noopener noreferrer nofollow" title="Nvidia" href="https://thebittimes.com/tag/nvidia.html">Nvidia</a>] since 2016,</strong> <strong>they really don’t look that different… The point is that Bitcoin doesn’t live in a world of its own in terms of volatility and return distribution.”</strong></p> 
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  <img decoding="async" loading="lazy" width="1024" height="743" src="https://cdn.thebittimes.com/images/2023/09/22/dbb06157560d9184bcb8ae04b32be95e.webp" alt class="wp-image-113011" srcset="https://cdn.thebittimes.com/images/2023/09/22/dbb06157560d9184bcb8ae04b32be95e.webp 1024w, https://cdn.thebittimes.com/images/2023/09/22/dbb06157560d9184bcb8ae04b32be95e.webp 300w, https://cdn.thebittimes.com/images/2023/09/22/dbb06157560d9184bcb8ae04b32be95e.webp 768w, https://cdn.thebittimes.com/images/2023/09/22/dbb06157560d9184bcb8ae04b32be95e.webp 380w, https://cdn.thebittimes.com/images/2023/09/22/dbb06157560d9184bcb8ae04b32be95e.webp 550w, https://cdn.thebittimes.com/images/2023/09/22/dbb06157560d9184bcb8ae04b32be95e.webp 800w, https://cdn.thebittimes.com/images/2023/09/22/dbb06157560d9184bcb8ae04b32be95e.webp 1160w, https://cdn.thebittimes.com/images/2023/09/22/dbb06157560d9184bcb8ae04b32be95e.webp 1398w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source: Ecoinometrics 
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 <p><strong>Also Read: Ramaswamy’s Crypto Framework is 75% Ready: To Release by Thanksgiving</strong></p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>bitcoin</li> 
  <li>Nvidia</li> 
  <li>S&amp;P-500</li> 
  <li>SPX</li> 
  <li>tesla</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-roi-close-to-tesla-nvidia-tbt63645.html">https://thebittimes.com/bitcoin-roi-close-to-tesla-nvidia-tbt63645.html</a></p>

Bitcoin ROI 'Close' to Tesla, Nvidia

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