The world's largest cryptocurrency outperformed major U.S. markets this week.
div > div.group > p:first-child"> The world's largest cryptocurrency climbed as high as $6,426.83 on Friday, bringing its one-week gains to more than 12%. Bitcoin is now up 70% since the start of this year.
Meanwhile, U.S. markets recovered from their Friday lows, but the S&P 500 still suffered its worst week of the year. Both the Dow Jones Industrial Average and S&P 500 fell more than 2% this week, while the Nasdaq dropped 3%. "While many investors have flocked to Coinbase over the last few years, we still anticipate a large amount of pent-up demand from retail investors," Kelly said."A word of caution, timing the flows from these retail behemoths may prove to be tricky."
Still, the trading environment comes with potential landmines for retail investors. This week, hackers stole 7,000 bitcoin, worth more than $40 million, from one of the world's largest cryptocurrency exchanges, Binance.
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