Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: waybesuricata on December 31, 2020, 09:24:26 AM
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2020 may have been filled with challenges, but Bitcoin, stablecoins and DeFi protocols are the clear top performing crypto assets for the year.
Bitcoin (BTC) has had a stellar 2020, but how are other top crypto assets faring? Let’s take a look at how some of the top cryptocurrencies by market capitalization performed this .
Bitcoin
First, Bitcoin has seen a massive gain since Jan. 1, as its price soared from $7,195 to as high as $28,422.
Within 12 months, the price of Bitcoin rose by 290%, outperforming all major stock indices and most stocks, apart from a select few including Tesla (TSLA).
The main catalysts behind Bitcoin’s rally have been the increase in institutional demand, favorable financial conditions as a result of central bank liquidity injections, and the decline of the U.S. dollar.
Source and continuation of the article: https://cointelegraph.com/news/bitcoin-stablecoins-and-defi-2020-s-top-performing-crypto-assets