Goldman Sachs has ranked Bitcoin as the top-performing asset year-to-date, according to a Twitter user. The bank’s report shows that bitcoin has outperformed other assets in terms of risk-adjusted returns.
Despite the recent crisis in the cryptocurrency market, with the collapse of FTX and the world economy in free fall, the market has also noted the comeback of market makers on cryptocurrency exchanges.
On smaller timeframes, Bitcoin continues its quest to regain lost territory, attempting to break above the resistance level of $23,800.
However, an annual report by CoinGecko shows that Bitcoin is the worst-performing asset among the major currencies, with a significant decline of 64%.
The market sentiment for Bitcoin is bullish in the short term, but economist Lyn Alden warns that it could be in “considerable danger” in the long term.
