As Bitcoin price reclaimed the $28,500 level, the cryptocurrency market cap was around $1.24 trillion, with crypto poised to end the first quarter of 2023 higher. BTC is up 24% in the last 30 days and 83% year to date.

According to cryptocurrency analyst Rekt Capital, Bitcoin is on track for a historic quarterly close, which could signal upward momentum in the coming months.

Meanwhile, the price of Ethereum has risen nearly 64% year to date due to bullish momentum over the last three months. With a daily close at current prices, ETH will end March 15% higher. Most top altcoins have the same outlook, with XRP, Binance Coin (BNB), Polygon (MATIC), and Cardano (ADA) all expected to end the first quarter of 2023 higher.

Bitcoin and tech stocks higher YTD

While the US stock market opened higher on Friday, boosted by the latest economic data, the overall gains in technology stocks pale in comparison to Bitcoin. At 11:30 a.m. ET, the S&P 500 was up 6.75% year to date, the Dow Jones Industrial Average was down 0.4%, and the tech-heavy Nasdaq Composite was up 16.7%.

Bitcoin and some tech stocks, on the other hand, have outperformed most other assets this quarter. As previously stated, BTC/USD is up 83% year to date and is expected to close the quarter up more than 80%. At the time of writing, Tesla (TSLA) was up 86% year to date, while Meta Platforms (META) was up 63% year to date.

On Friday, Apple (AAPL) was up 30% year to date, while Amazon (AMZN) was up more than 20%.