Telegram
Benchmark Crypto Indices Weekly Performance Review — April 6

Over the past 7 days, the FS CryptoFX Agg Index increased by 14.0%, compared with a 2.1% decrease for the S&P 500. Bitcoin had four consecutive sessions of closing in the green to start last week. At one point on Thursday, Bitcoin even broke above the key trading resistance near $7,000. Overall, Bitcoin prices went up by 15%. More importantly, the sentiment of Bitcoin (and broader crypto market) seems to have recovered from the previous selloff. And as noted by our Chief Technician Robert Sluymer, the short term trend of Bitcoin turned positive last week.

Sector Rotation
Size-based indices: The "larger caps" led last week as the FS CryptoFX Large-cap 10 (+14%) outperformed the FS CryptoFX Mid-cap 40 (+12%) while the FS CryptoFX Mid-cap 40 (+12%) outperformed the FS CryptoFX Small-cap 250 (+11%). The big two, Bitcoin (+15%) and Etheruem (+14%), are the biggest contributors to the leadership of the large-cap index.

Following being the laggard to other sector-based indices last week, FS CryptoFX Exchange index (+16.2%) was the best performing sector this week. The tokens of the three "China-originated" exchanges, Huobi Token, Binance Coin, and OKB, were the biggest drivers of the Exchange sector's outperformance - all up about 20% over the past week. The strong momentum of the Privacy sector (+15.4%) continued and was the second-best performing sector over the past week. 

You are trying to access FSI member-only content.
You need to have an active FSI Digital Assets, or FSI Pro subcription in order to read this article.
If you are already a member at FSInsight, please Sign In here. If you don’t have a subscription to FSInsight yet, you can sign up below.

Choose one of our yearly plans to save nearly 20%

We accept crypto via BitPay for yearly subscriptions.
    • Macro
      FSI Macro
      from
      $
      199
      /mo
      billed anually
      Get access to all the macro research on FSInsight
      • Tom Lee's First Word
      • View from Tom Lee
      • Signal From Noise
      • Portfolio Strategy
      • Technical Analysis
      • Granny Shots – Stock Ideas
      • US Policy
      • Live Conference Calls with Q&A
      First Month Free!
    • Crypto
      FSI Digital Assets
      from
      $
      99
      /mo
      billed anually
      Get access to all the crypto research on FSInsight
      • Crypto Blasts
      • Tom's Take on Crypto
      • Crypto Weekly Newsletter
      • BitDigest Daily Newsletter
      • Crypto Technical Analysis
      • Benchmark Indices Review
      • Bitcoin Valuation & Misery Indexes
      • Live Conference Calls with Q&A
      First Month Free!
    • Macro + Crypto
      FSI Pro
      from
      $
      249
      /mo
      billed anually
      Get access to all the exclusive research on FSInsight
      • Looking at code?
      • I am hidden!
      • FSI Macro
      • +
      • FSI Digital Assets
      • Designed by
      • HANGAR115
      • -
      First Month Free!
Disclosures (show)

Don't Miss Out
First Month Free

first 500 users only

FSInsight logo
150 East 52nd St, 3rd Floor, New York, NY 10022

Subscribe to our Free Weekly Report

An insitutional-grade report delivered to your inbox every week.

© 2021 FSInsight. All rights reserved. Developed by HANGAR115.

Illustrations by Karl Wimer.