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Bitcoin Continues To Lead As Best-Performing Asset Of 2024 Amidst Q3 Weakness

  • Bitcoin remains the best-performing asset of 2024 with a year-to-date gain of 49.2% despite a weak Q3, according to NYDIG.
  • A long-dormant whale, holding $73.4 million in Bitcoin, moved another $634,000 worth of BTC to Kraken.
  • The network's hash rate continues to rise and is currently at an impressive 683 million terahashes per second (TH/s), indicating the growing computing power being contributed to the Bitcoin network.
  • Bitcoin spot ETFs experienced a net outflow of $301 million, reflecting ongoing volatility in investor sentiment.

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