BTC and ETH: the most unprofitable assets during coronavirus

by in Cryptocurrency News

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The vast majority of assets have shown a significant drop since the onset of the massive coronavirus pandemic. Bitcoin and Ethereum were among the outsiders, said Larry Cermak, an analyst of The Block.

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Cermak provides comparative statistics on the return on various assets between February 19 and March 30. Crude oil has the worst performance (a drop of 62%), followed by Ethereum in terms of loss (-49.4%), for Bitcoin this figure is -34.7%.

The analyst emphasized that the last time oil fell so much more than 18 years ago.

The only asset that showed a return, albeit a small one (0.3%), was gold.

The analyst also noted that biotechnology was the most successful investment sector, but energy and finance were outsiders.