Over the past 7 days, the FS CryptoFX Agg Index decreased by 0.4%, compared with a 1.6% increase for the S&P 500 (Slide 6). While Bitcoin’s price fell below $10,000 on Monday, Feb 10th , it recovered the loss on Tuesday and slowly rallied to  $10,500 on Thursday morning, its highest level since last September. BTC moved sideways until Saturday when a large volume of sell orders pushed the price below $10,000 again. Overall, Bitcoin's price fell 1.8% in the past week, lagging all other sectors of the market except for privacy tokens.

The video in this report is only accessible to members
Sector RotationSector-based indices - Platform and Exchange tokens maintained their strong leadership over other market sectors last week. FS CryptoFX Platform index and Exchange index outperformed Bitcoin by 9.7% and 4.8%, respectively, last week. Ethereum(+14%) was the biggest contributor to the gain of the Platform index, while OKB(+70%) and Huobi Token (+28%) helped the sector outperform despite the negative sentiment around exchange tokens caused by the news of FCoin (see more news below). For size-based indices, primarily due to the "laggardship" of Bitcoin, FS CryptoFX Large-cap 10 index trailed the mid and small-cap indices by 3.2% and 1.9%, respectively. Notably, the large-cap index has been lagging other size-based indices...

Unlock this article with a FREE 30-Day Trial!

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)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Want to receive Regular Market Updates to your Inbox?

I am your default error :)