This Crypto Performs Best! –

Banking giant Goldman Sachs has ranked it as the world’s best-performing crypto asset.

This crypto asset ranks first

Ahead of gold, the US Treasury, the S&P 500, and others, banking giant Goldman Sachs ranks Bitcoin (BTC) among the top 1 performing assets year-to-date, according to a Twitter user.

According to Goldman Sachs, Bitcoin has surpassed cryptocurrency pairs and major financial institutions of the traditional market with a risk-adjusted return (Sharpe ratio) of 3.1. The Sharpe Ratio is used to measure performance adjusted for market volatility; the higher the ratio, the better the investment, currency or stock in terms of risk-adjusted returns.

Bitcoin takes the lead in broad market recovery

On smaller timeframes, Bitcoin continues its quest to regain lost territory. Slowly but steadily, Bitcoin is trying to climb above the $23,800 resistance level. Bitcoin seems to be experiencing a healthy pullback below the resistance line in search of bullish momentum.

Despite the recent crisis of the cryptocurrency market alone with the collapse of FTX and the world economy going into free fall, with consequences for investors and institutions, the market has also noted the return of market makers on cryptocurrency exchanges.

Goldman Sachs Determined: This Crypto Performs Best!

According to CoinGecko’s annual report, unlike Goldman Sachs’ report, Bitcoin is the worst performing asset among the major currencies with a significant drop of 64%. CoinGecko also noted that since January 2022, the trading volume in the spot market has decreased by 67%. The new year for Bitcoin and the market started positively, filling the volume and volatility charts with $200 billion, according to CoinMarketCap data.

Solid rally of star crypto

Bitcoin’s solid year-to-date rally has changed market sentiment. Analysts expect the cryptocurrency to go up to $30,000 in the short term. But in the long run, economist Lyn Alden said that Bitcoin could be in “significant danger” in the second quarter of 2023 as liquidity risks increase.

While bitcoin price is consolidating below the resistance zone, the cryptocurrency is looking for a trendline to position itself above the $24,500 level, which represents its next hurdle. The 20-day moving average rising at $20,700 and the Relative Strength Index (RSI) in the overbought zone near 80 indicate that BTC’s uptrend line could continue and conquer new territories.

Goldman Sachs Determined: This Crypto Performs Best!

Conversely, the bears are ready to stop the Bitcoin price action to the upside and change the momentum and direction of the market, but the bulls seem reluctant to capitulate. Speculation is on the rise with market uncertainty and upcoming Federal Open Market Committee (FOMC) meetings. As we mentioned, Bitcoin has gained about 8% in the last seven days. It traded sideways at $23,000 in the last 24 hours. The current capitalization of the currency stands at $440 billion, outpacing all market pairs.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Risk Disclosure: The articles and articles on do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. For this reason, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Disclaimer: Advertisements on are carried out through third-party advertising channels. In addition, also includes sponsored articles and press releases on its site. For this reason, advertising links directed from are on the site completely independent of’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on and the pages directed by the links in the sponsored articles do not bind in any way.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.

Show Disclaimer

source site-3