Why bitcoin and ether are outperforming the stock market this week, despite a rising dollar and climbing yields

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Bitcoin and ether are outperforming major stock indexes so far this week, despite a strong dollar and the rising Treasury yields.

Bitcoin and ether have outperformed major stock indexes so far this week, despite the dollar’s continued rally as Treasury yields have climbed.

In... Bitcoin and ether have outperformed major stock indexes so far this week, despite the dollar’s continued rally as Treasury yields have climbed. In comparison, the Dow Jones Industrial Average DJIA declined 1.2% Thursday with a 0.9% loss week-to-date, according to FactSet data. The S&P 50 0 SPX eased 1.8%, looking at a 1.1% loss so far this week. The tech-heavy Nasdaq Composite COMP went 2.6% lower Thursday, down 1% week-to-date.

 

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