According to BlockBeats, on October 7, 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 selling during the same period, NYDIG research director Greg Cipolaro said in an Oct. 4 report. Bitcoin is up 49.2% year to date, Cipolaro said. Trading has remained largely range-bound over the past six months amid major headwinds such as the Mt. Gox and Genesis creditor distributions and massive 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 in September, rising 10%, which is typically a bearish month for the asset.
