Digital Assets Weekly: August 25th
Aug 25, 2020
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Market Analysis
After breaking above $12,000 resistance, Bitcoin quickly fell below that level and is consolidating in the mid-$11,000 range. Bitcoin ended the week down 4% at $11,771.
CME’s 6-month Bitcoin futures contracts expire at the end of the month, which may lead to greater volatility this upcoming week.
Despite the pullback this week, Bitcoin remains firmly in front of all other major asset classes in terms of YTD performance. This week, the Dollar has rebounded slightly, and equities markets have reached new all-time highs.
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