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BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE -Breaking

by Mike Robinson

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The S&P 500 is trading near its all-time high but (BTCThe price of Bitcoin () plunged 30% below its record high of $69,000. Even after the sharp drop, Bitcoin is up 63%, year-to-date, outperforming the S&P 500, which is up about 30% in 2021.

The price of gold, which is used as an inflation hedge, has fallen by approximately 7%. Arcane Research reported that gold is down roughly 7% this year. Bitcoin’s outperformance in the high inflationary environment shows that “Bitcoin has proven itself to be an excellent inflation hedge.”

The cryptocurrency market is performing daily. Source: Coin360
Daily chart of BTC/USDT Source: TradingView
Chart of daily ETH/USDT. TradingView
BNB/USDT Daily Chart TradingView
Daily chart of SOL/USDT Source: TradingView
Daily Chart ADA/USDT Source: TradingView
Daily chart of XRP/USDT TradingView
Daily chart of LUNA/USDT Source: TradingView
Chart of the AVAX/USDT every day. TradingView
Daily chart of DOT/USDT Source: TradingView
Chart of daily DOGE/USDT. Source: TradingView

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