Digital Assets Weekly: August 11th
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Market Analysis
For the second time in two weeks, Bitcoin climbed above $12,000. Overall, it finished the week ended 8/11 up 5.6% at $11,878. Notably, it traded above $11,000 for the entire week for this first time since August 2019.
Bitcoin led all other major crypto assets by 3% - 9% this week. Ripple (XRP) was the worst performing asset and declined 4.8% on the week.
FS Crypto FX 40 and FS Crypto FX 250 led all other size-based indices by ~10% this week. FS Crypto FX 40 outperformance was driven by Tezos (+39.7%), Chainlink (+46.7%), and IOTA (+21.2%) while outperformance of the FX Crypto FX 250 was driven by MINDOL (+ 69.3%) and Lisk (+21.6%).
Bitcoin’s Mkt Cap/CMR ratio increased 5.2% week over week from 11.0x to 11.5x.
Bitcoin’s Mkt Cap/RV ratio increased 4.0% week over week from 11.0x to 11.5x.
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