Gate News bot message, The comparison between traditional tech stocks and cryptocurrency markets reveals distinct performance patterns in 2023. Despite ETH and BTC breaking support levels in a challenging month, the total cryptocurrency market capitalization maintained a 16% increase over seven months. In contrast, the Magnificent 7 tech companies - Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla - demonstrated stronger performance with a 42% gain, characterized by lower volatility.
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Tech Giants' Magnificent 7 Outperforms Total Crypto Market in 2023
Gate News bot message, The comparison between traditional tech stocks and cryptocurrency markets reveals distinct performance patterns in 2023. Despite ETH and BTC breaking support levels in a challenging month, the total cryptocurrency market capitalization maintained a 16% increase over seven months. In contrast, the Magnificent 7 tech companies - Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla - demonstrated stronger performance with a 42% gain, characterized by lower volatility.