According to broker Canaccord, bitcoin is leading the charge in the digital assets sector, outperforming the stock market this year. The world’s largest cryptocurrency saw a 140% year-on-year increase in the last quarter, surpassing ether’s 60% gain and the S&P 500’s 30% rise over the same period.
If historical patterns hold true, bitcoin tends to rally 6-12 months following the halving event and reach new highs 2-6 months later. This could mean a potential rally starting between now and April, as predicted by the broker.
Despite its volatile nature, bitcoin is currently performing like other risk assets and reacting positively to the “lower-rate environment,” according to analysts led by Michael Graham.
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