A new report from Copper.co, a Swiss-based digital asset service provider, highlights a significant alignment between Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and the S&P 500.
What Happened: The report notes that both cryptocurrencies have achieved an 83% compound annual growth rate (CAGR) since their 2020 lows, compared to the S&P 500’s 20% CAGR over the same period.
The findings come as Ethereum briefly dipped below a key trendline on the five-year anniversary of Black Thursday but closed above it, raising questions about its ability to maintain this level.
Copper.co’s analysis details the performance of Bitcoin and Ethereum over the past five years, with Bitcoin dropping from $94,265 on March 3 to $80,699 by March 10, and Ethereum falling from $2,518 to $2,020 over the same period, according to data sourced from Copper Calc and TradingView.
Despite these declines, both assets have shown identical long-term growth since March 13, 2020, with …
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