Over the past seven days, the FS CryptoFX Agg Index increased by 6.3%, compared with a 15.0% correction for the S&P 500. Bitcoin started the week with another massive loss of 16% and fell below $4,500 key level during Monday's (3/16/20) session. However, since then, Bitcoin price sharply rebounded and climbed up to nearly $7,000 Friday morning and finished the week at $5,800.

The video in this report is only accessible to members

Sector Rotation
Bitcoin has been the leader since the crypto market selloff. Because of that, both FS CryptoFX Commodity index and FS CryptoFX Large-cap 10 index have been the best performing indices within both sector-based indices and size-based indices in the past four weeks. The Privacy sector had been trailing other sectors since Feb 9th. 
However, during the past week, the Privacy sector was the best performing group within the crypto space - FS CryptoFX Privacy index was up 15%. Dash (+34%) and Zcash (+15%) were the biggest contributors to this outperformance.

The video in this report is only accessible to members
The laggardship of the FS CryptoFX Platform Index persists. Amid the broad recovery in the crypto market, the FS CryptoFX Platform index fell 1.1%. The big players within the sector, Ethereum, Stellar, and Tezos, were down in the past week. FS CryptoFX Platform index has been underperforming since the start of Marc...

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 :)