PANews reported on October 7 that according to Cointelegraph, the New York Digital Investment Group (NYDIG) said that despite a seasonally weak third quarter, Bitcoin is still the best performing asset so far this year.

Sales rose just 2.5% in the third quarter, rebounding after a drop in the second quarter, but hampered by massive sales during the same period, NYDIG research director Greg Cipolaro said in a recent report. Bitcoin remains the best-performing asset class in 2024, but its lead has narrowed. Bitcoin has risen 49.2% so far this year. For most of the past six months, trading has remained largely range-bound due to major headwinds such as the Mt. Gox and Genesis creditor distributions (totaling nearly $13.5 billion) and large BTC sales by the U.S. and German governments.

Cipolaro added that other assets such as precious metals and certain stock sectors rose relative to BTC, and most asset classes had a "stellar year." Bitcoin also bucked the trend and rose 10% in September, which is usually a bearish month for the asset. The fourth quarter is usually a bullish period for Bitcoin, and multiple catalysts could cause history to repeat itself.