Both bitcoin and the U.S. stock markets have witnessed a notable recovery rally over the past couple of weeks, but it's the cryptocurrency that's taken the lead.
Bitcoin clocked a 3.5-week high of $7,459 early on Tuesday, meaning the cryptocurrency was up 4.2 percent from the yearly opening price of $7,160. Since then, prices have fallen back slightly, putting the year-to-date gain at around 3.2 percent.
Meanwhile, the U.S. stock markets are still trading in the red on a YTD basis. The S&P 500, Wall Street’s equity index, has pulled off a strong 21.5 percent rally from lows near $2,190 reached on March 23, but even so it's still down 17.5 percent for the year.
Gold, a classic haven asset, has gained around 2 percent so far since Jan. 1.
At press time, bitcoin is changing hands near $7,445 – up around 90 percent from the low of $3,867 observed on March 13, according to CoinDesk’s Bitcoin Price Index.
https://www.coindesk.com/up-3-bitcoin-leaves-sp-500-behind-in-year-to-date-recovery