Large-cap cryptocurrencies remained popular among retail traders despite weaker price action in 2022.
What Happened: In a presentation delivered at the Bitcoin 2022 conference on Thursday, Robinhood Markets Inc’s (NASDAQ:HOOD) Chief Product Officer Aparna Chennapragada revealed that Bitcoin (CRYPTO: BTC) is the number one “recurring buy” asset year-to-date.
The leading digital asset beat out Apple Inc (NASDAQ:AAPL), which was the second most bought asset.
Ethereum was more frequently bought than Tesla Inc (NASDAQ:TSLA) and the two assets ranked third and fourth on Robinhood’s top recurring buy list.
Dogecoin (CRYPTO: DOGE) was the sixth most bought asset this year, fitting between the Vanguard 500 Index Fund ETF (NYSE:VOO) and SPDR S&P 500 ETF Trust (NYSE:SPY).
Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) ranked eighth and ninth on the list, followed by the Vanguard Total Stock Market Index Fund ETF (NYSE:VTI) which took the final spot.
Price Action: According to data from Benzinga Pro, Bitcoin was trading at $43,511, up 0.33% in the last 24 hours at the time of writing. Ethereum was trading at $3,255, up 1.2% and Dogecoin was trading at $0.15, up 4.39% over the same period.
