Digital Assets Weekly: September 15th
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Market Analysis
Following last week’s downside volatility, Bitcoin stabilized and regained some ground finishing the week ending 9/14 up 2.8% at $10,663. Bitcoin currently sits around ~$10,850 and seems poised to retest $11,000.
Bitcoin is still down double digits this month (-10%) alongside oil and commodities. Historically, September has been Bitcoin’s worst performing month.
Amongst all the major crypto assets, Ethereum was the best performing asset this week (+6.5%) and Bitcoin Cash was the worst (-1.3%).
Reversing from the week prior, the FS Crypto FX 250 was the best performing index this week (+5%) and Bitcoin was the worst (+2.8%) as the entire crypto market showed signs of recovery after the big selloff.
All major crypto assets and the FS Size Indexes remain firmly in the green on a YTD basis. Bitcoin Cash is the worst performing asset which was the only asset that declined this week and posted a gain of only 10% YTD. Ethereum remains firmly ahead with a gain of 192% YTD.
Bitcoin’s Mkt Cap/CMR ratio increased 2.5% week over week from 9.9x to 10.2x.
Bitcoin’s Mkt Cap/RV ratio increased 2.8% week over week and currently sits at 1.7x.
Reports you may have missed
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