BTC performed better than ARKK, MSTR, COIN despite 65% fall in 2022
Only DXY and Gold recorded an increase year-to-date.
CryptoSlate looked into Glassnode data representing year-to-date (YTD) reviews of leading assets and currencies and revealed that Bitcoin (BTC) performed better than Ark Innovation ETF (ARKK), MicroStrategy Inc. (MSTR), and Coinbase Global Inc (COIN) in 2022.
According to the data, BTC fell by 65.38% YTD, while ARKK, MSTR, and COIN lost 67.79%, 74.64%, and 85.90% in value, respectively.
DXY and Gold are the only assets included in this analysis that recorded an increase. Gold came out +1.25% more valuable YTD, while DXY’s price increased by 7.55%.
British Pound (GBP) and Euro (EUR) also ended the YTD period in the negatives. In mid-September, GBP dropped to all-time lows against the U.S. dollar. GBP volatility soared so much afterward that BTC became a more stable asset than the pound in October. Ethereum (ETH) also followed BTC’s downward trend and recorded a 68.32% decrease YTD.
According to a recent report from Arcane Research, 2022 was the second-worst year for BTC. Leading crypto fell by 65% in 2022. The worst year for BTC was still 2018, when the price recorded a 73% decrease.