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. 

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