No surprise at all, Bitcoin has outperformed stocks this week and it is looking like the winning isn’t over as the price is climbing past the $22,350 point and moving higher:

Bitcoin has climbed more than 10% this week, outperforming stocks

Cryptocurrencies rose this week even as U.S. equities briefly retreated from their new year rally and a major crypto lender submitted a long awaited bankruptcy filing.

Bitcoin was last higher by about 12% for the week, according to Coin Metrics, while ether
has risen 14%.

By comparison, two of the three major stock averages were on track to post a losing week, which has been shortened for the Martin Luther King holiday. The S&P 500 and Doe Jones Industrial Average were last down 0.9% and 2.9%, respectively, for the week. The Nasdaq Composite, however, has been the outperformer. It’s up slightly for the week and has gained 5% for the year, leading the other big indexes.

Bitcoin and ether rose 2.73% and 2.15%, respectively, in the same four-day period.

Full article here: https://www.cnbc.com/2023/01/20/bitcoin-has-climbed-more-than-10percent-this-week-outperforming-stocks.html