YTD

Understanding Year to Date (YTD)

Year to Date (YTD) is a metric used to assess the performance of an asset during a particular calendar year, starting from January 1 until the present time.

For example, let’s take Bitcoin as a case study. At the start of 2021, Bitcoin had a value of $29,032. By April 1, its value had risen to $59,056. This demonstrates that the largest cryptocurrency in the world achieved a YTD gain of 103%.

It’s important to distinguish YTD from Year to Year, which compares the performance of an asset on two specific dates that are one year apart, on an annualized basis.

Both YTD and Year to Year comparisons are equally important for traders when assessing the performance of specific cryptocurrencies.

The YTD performance of a cryptocurrency serves as a vital indicator of its profitability.