Hougan Puts Top 20 Crypto Year-to-Date Median Return at a 15% Loss

Bitwise Chief Investment Officer Matt Hougan put the year-to-date median return for the 20 largest crypto assets at a 15% loss, while the group’s average return was a 14% gain. The mean adds the 20 returns and divides by 20. For a group of 20, the median is the average of the 10th- and 11th-ranked returns after sorting them. A negative median means at least 10 of the returns were negative. A positive mean means at least one was positive, but the figures do not establish the exact number of gainers or losers.