Buying Power of Bitcoin vs. APA at New 52-Week High
By CryptocurrenciesChannel Staff, 11/17/2023
Here at CryptocurrenciesChannel.com
, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 11/17/2023, Bitcoin ($BTC) can buy you the most
amount of APA shares, in the past year. For example, if you had 1 Bitcoin coin and wished to buy shares of APA with the proceeds, you would now be able to buy 1017.70 shares of APA. That's versus a low amount of 345.56 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of APA shares, relative to the performance of Bitcoin; and here's how the two compare over the past year on a total return basis:
Check out our Bitcoin historical price chart
and APA vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the APA returns.
Be sure to follow us at CryptocurrenciesChannel.com
for more interesting stock market vs. digital asset comparisons!