Equity gains so far this year don't hold a candle to the rebound in bitcoin.
 | WED, JUN 26, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | PFE | 42.99 | -0.77 | -1.76% | | AAPL | 199.80 | +4.23 | +2.16% | | MSFT | 133.93 | +0.50 | +0.37% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | MU | 37.04 | +4.36 | +13.34% | | AMD | 29.92 | +1.06 | +3.67% | | ABBV | 68.00 | +2.30 | +3.50% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | MU | 37.04 | +4.36 | +13.34% | | AMD | 29.92 | +1.06 | +3.67% | | AAPL | 199.80 | +4.23 | +2.16% | |
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Stocks are on track to an impressive first half of 2019. But the S&P's gains don't hold a candle to the rebound in bitcoin.
The world's first and largest cryptocurrency put mainstream assets to shame two years ago with a more than 1,200% rally to just under $20,000. Bitcoin then a 70% drop last year. Bulls are celebrating again though as the digital asset went above $13,400 for the first time since January of last year. This week alone, bitcoin is up more than 40%, and this year, bitcoin has more than tripled in value.
 Crypto is tricky, since price moves can be opaque and one large buy or sell order has the ability to move the market. Analysts largely attributed this recent bitcoin bounce to more interest in the space following Facebook's announcement of a cryptocurrency project, key technical levels being broken, and safe haven buying amid increasing global tensions.
Recent dovishness from central banks has led global investors to turn to other alternative assets, such as gold. Jim Reid, Deutsche Bank's multi-asset analyst, called the bitcoin rally "striking" and perhaps Facebook's unveiling of its Libra currency "has seen investors look again at cryptocurrencies with fresh eyes."
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