Crypto is now the worst-performing major asset class since January 2025.

Meanwhile:

Silver: +107%
Copper: +66%
Gold: +60%
Nasdaq: +38%
Russell 2000: +31%

And crypto?

$BTC : -35%
$ETH : -47%
Altcoins: -57%

After such a wide performance gap, crypto is starting to look increasingly undervalued relative to other major asset classes.

The question is whether capital eventually rotates back into the sector.

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