Digital assets have outperformed traditional stocks in the recent market recovery, with Bitcoin ($BTC) approaching a new all-time high and Ethereum ($ETH) starting to catch up, according to a new market note from crypto trading firm QCP Capital.
QCP: Crypto Outpaces Stocks in Recovery as Bitcoin Nears All-Time High
“Crypto has outperformed stocks in the recovery,” QCP wrote, pointing to Bitcoin’s strength in recent sessions. $BTC is trading just below record highs amid improving macro conditions and rising market optimism.
Ethereum, which lagged behind Bitcoin in the rally, is starting to close the gap. The $ETH/$BTC ratio rose to 0.025, indicating that Ethereum's performance against Bitcoin has become relatively stronger.
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