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Shares of the American corporation Apple over the past year rose 40%. During the same period, the first cryptocurrency has risen in price by 38%. These observations were shared by Bloomberg analysts.
In the middle of the first day of trading in 2022, the iPhone manufacturer’s shares rose almost 3% to $ 182.86. As a result, Apple became the first company in the world with a capitalization of over $ 3 trillion.
Later, Apple’s stock price fell below $ 182 and the company’s market value was $ 2.986 trillion.
Bitcoin’s current capitalization is $ 878 billion, according to CoinGecko.
The chart below shows that the price of digital gold was more volatile last year compared to Apple stock.
Data: Bloomberg.
The Bitcoin price drawdown exceeded 50% from April to July. The correction in relation to the historical maximum reached in November amounted to 31%. In comparison, Apple’s stock price dropped by about 19% at the beginning of the year.
The screenshot below shows a comparison of bitcoin capitalization with the indicators of the largest public companies.
Data: AssetDash.
Recall that the President of El Salvador expressed confidence that in 2022 the price of the first cryptocurrency will reach $ 100,000.
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