Year-to-Date in Crypto: Tracking Annual Performance
YTD is a metric that examines the dynamics of an asset over a calendar year.
What is Year to Date (YTD)?
YTD stands for Year to Date, which is a metric that examines the dynamics of an asset in a calendar year – the period from January 1 to the current moment. For example, bitcoin started the year 2021 at $29,032 and rose to $59,056 by April 1. Thus, the world’s largest cryptocurrency is up 103% for the year.
YTD is different from Year to Year, which compares two exact dates one year apart on a yearly basis. For traders, both comparisons are equally valuable when evaluating the performance of certain cryptocurrencies. The dynamics of a cryptocurrency since the beginning of the year is an important indicator of profitability.