The digital asset sector continues to grow outperformed the stock market this year, with bitcoin leading the waysaid broker Canaccord. The broker noted that the world’s largest cryptocurrency finished the last quarter up about 140% year-on-year, outperforming ether which was up about 60% and the S&P 500 stock index, which was up nearly 30%, in the same period. If bitcoin follows historical patterns it is likely to strengthen in the 6-12 months after the halving, and reach new highs 2-6 months later, meaning a potential rally could begin between now and April, the broker said. Bitcoin is still performing like other risk assets for now, and is reacting positively to a “lower interest rate environment,” wrote analysts led by Michael Graham.
