Merch Store

Over the past 7 days, the FS CryptoFX Agg Index decreased by 15.9%, compared with an 11.5% decrease for the S&P 500.

The video in this report is only accessible to members

Amid the rising fear of the spread of coronavirus globally, Bitcoin's price fell seven days in a row and declined 13.7% in the past week. BTC fell below its 200DMA last Wednesday but recovered above it over the weekend. Bitcoin is still one of the best performing asset classes with a YTD return of 19%, while S&P 500's YTD gains were eliminated during the correction last week.

The video in this report is only accessible to members
Sector RotationExcept for the stable coins, all crypto market indices were down last week. FS CryptoFX Exchanges index is the only sector that beat the Bitcoin last week (+0.7%). Beneficiaries of the relative resilience of Bitcoin compared to other cryptocurrencies, FS CryptoFX Commodities index, and FS CryptoFX 10 Large-cap index were also the leaders in the past week. The worst performing sector-based indices were FS CryptoFX Platform index and FS CryptoFX Privacy index. FS Platform index had been the leader in the prior six weeks. However, this leadership reversed as the prices of the most significant contributors, Tezos and Ethereum, declined 25% and 20% in the past week. The laggardship of the FS Privacy ...

Unlock this article with a FREE 30-Day Trial!

No Credit Card Required! Limited time only!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)
You have reached the maximum amount of complimentary reports for this month.
You will receive 3 more complimentary reports as of the 1st of July.
FS Insight Guest PASS

Unlock 2 more articles by joining our newsletter!

Take Your Investing to the Next Level with our Award Winning Research!

Don't Miss Out
First Month Free