Caixin: Bitcoin, FAAMNG and Cocoa are the top performers in the global market in 2024
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The news from Mars Finance reports that according to Caixin, 2024 was a year of bull markets in both Chinese stocks and bonds. Among global assets, virtual currencies and US tech stocks performed impressively. A strong US dollar put pressure on global exchange rates. Looking at the performance of the global market in 2024, the top tier assets were scarce resources: the highest increase was cocoa (NYBOT futures price) which rose 169.36% for the year, Bitcoin (BTC) rose 133.83%, FAAMNG (the six major US tech stocks: Facebook, Amazon, Apple, Microsoft, Netflix, Google) rose 60.77%. In addition, Ethereum (ETH) rose 53.41% for the year, NYMEX natural gas rose 45.49%, and the Nasdaq index achieved a 30.78% increase, all of these assets had annual gains exceeding 30%.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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