עטהערעום אַוטפּערפאָרמז נאַסדאַק מיט 20% בעשאַס 3-חודש לאַגער פאַרקויף

Although the correlation between the לאַגער מאַרק און ביטקאָין (בטק) is often taken into account when analyzing the performance of the largest קריפּטאָקוררענסי, the second-ranked asset, Ethereum (עטה), is noticeably outperforming the Nasdaq index.

ווי עס כאַפּאַנז, עטהערעום has been outdoing the Nasdaq by around 20% since mid-July, during which period the stock market has been recording a sell-off, מעססאַרס crypto analyst Tom Dunleavy שפּיציק אויס אויף אקטאבער קסנומקס.

According to Dunleavy:

“While stocks have sold off in the past 3 months, עטה has held up.”

Stock market’s poor performance

טאקע, ווי פינבאָלד reported in August, Nasdaq was among the worst performing indices in the first seven months of 2022, losing -20.80% YTD, with ביטקאָין in the leading position with losing -48.6%.

Meanwhile, the total returns of the Nasdaq 100 index, representing the טעכנאָלאָגיע אינדוסטריע, דראַפּט 34.15% year-to-date (YTD) in 2022, despite recording an annualized return of over 23% for the past 13 consecutive years.

That said, the Nasdaq Index posted its best daily return since July during the trading session on October 17, leading to אַ פאַרגרעסערן אין סטאק פיוטשערז טריידינג that continued the next day after a volatile week, but leaving analysts unconvinced of the rally’s longevity.

Ethereum vs. real yields

Interestingly, Dunleavy also אנגעוויזן that Ethereum was seeing an 88% correlation with real yields – the returns that ינוועסטערז earn from long-term government bonds after accounting for inflation, which have recently soared to their highest level since 2011, additionally eating away at the attractiveness of stocks.

עטהערעום פּרייַז אַנאַליסיס

At press time, Ethereum was trading at $1,327, up 0.72% on the day, as well as 3.24% across the previous week, according to קאָונמאַרקעטקאַפּ דאַטן ריטריווד דורך Finbold אויף 18 אקטאבער.

Over the past five weeks, the price of the decentralized finance (דעפי) asset has been under increased pressure, seeing a decline of 25% due to shark and whale addresses dumping over $4 billion worth of ETH tokens בעשאַס אַז פּעריאָד.

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.