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International Business Times

Business

Panos Mourdoukoutas Ph.D.

Bitcoin And S&P 500 Are The Big Winners Of The First Quarter, Despite Higher Bond Yields — What Is Next?

Bitcoin United States Economy ETF FactSet the Federal Reserve

Bitcoin Exchange-traded Fund (Credit: Kostenlose Bilder mit KI/flickr)

Bitcoin and the large-cap stocks included in the S&P 500 index were the big winners on Wall Street for the first quarter of 2024.

The digital currency ended the quarter hovering around $70,000, up 65%, on solid buying from spot ETFs launched by Wall Street financial powerhouses and the prospect of a tighter supply on the upcoming halving in April.

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