Despite a promising 76% rally year to date, Bitcoin has experienced some stagnancy and a modest decline this month, causing the digital currency market to lose momentum compared to stocks. Bloomberg's gauge of the top 100 digital assets by market cap shows that crypto has risen approximately 46% year to date, while the NASDAQ 100 has experienced a near-equal 42% rise.
Legal pressure from the Commodities and Futures Trading Commission and the Securities and Exchange Commission against leading crypto companies has contributed to the asset class crumbling over the following months.
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