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Rolex, Patek lead high-end watch market rebound even as bitcoin struggles
Source: CryptoNewsNet Original Title: Rolex, Patek lead high-end watch market rebound even as bitcoin struggles Original Link: Bitcoin prices are sliding, but luxury watches are quietly moving in the opposite direction.
Over the past six months, BTC has fallen about 25% and the CoinDesk 20 is down more than 30%, even as secondary market watch prices have risen roughly 4%, according to WatchCharts data.
The WatchCharts index, which tracks secondary market prices for thousands of luxury watch references across major brands, is up about 4% over the past six months as prices for top-tier watches inch higher. Over the same period, crypto markets have moved sharply in the opposite direction.
WatchCharts Overall Market Index (WatchCharts)