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Bitcoin Trounced Stocks in the First Half. What Comes Next. appeared on www.barrons.com by Jack Denton.
Bitcoin
rose 84% between the start of January and end of June. It rose above $30,000 – its best first six months since 2019, when it began the year below $3,500. The largest digital asset trounced stocks, even beating the tech-heavy Nasdaq—the index most correlated with tokens—which saw its best first-half in four decades. It’s a remarkable comeback story for Bitcoin and other cryptocurrencies, many of which had a similar rally.
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