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Bitcoin stocks are lagging behind Bitcoin in 2019

From bravenewcoin.com

The price of bitcoin has more than doubled since the start of the year with investor sentiment turning bullish. Bitcoin stocks received a boost from the wider crypto rally but the digital currency outperformed the stocks by a wide margin. Year-to-date, the price of bitcoin (BTC) is up by over 125 percent. Stocks that provide equity investors with indirect exposure to bitcoin have not been able to match these gains. Bitcoin vs. bitcoin stocks in 2019 As Brave New Coin reported in March, bitcoin stocks were correlated with bitcoin during the period of February 2018 to February 2019. In our analysis, we looked at a ... (full story)

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  • Category: Fundamental Analysis