Over the past 7 days, the FS CryptoFX Agg Index increased by 4.5%, compared with a 12.1% increase for the S&P 500. Bitcoin started the week with a robust 10% rally that brought the price above $7,400 again for the first time since the March correction. However, Bitcoin sharply declined on Friday morning, and ultimately finished the week up 2.6% due to a rally on Sunday. Over the past two weeks, Bitcoin has tested its 50D moving average but was not able to break through this level of resistance. However, it is still too early to conclude that Bitcoin will not break through this key level of resistance and thus bears watching closely as key technical level in the coming week.

The video in this report is only accessible to members
The video in this report is only accessible to members
Sector RotationThe sector leadership swung last week. FS CryptoFX Platform had the best performance, up 11.2% over the past week, primarily due to the strong performance of Tezos (+21%), Stellar (+14%) and Ethereum (+12%). Led by Zcash (13%) and Dash (+12%), the Privacy sector retained its momentum, and was up 6.7% on the week. Although it was up 2.3%, the Exchange sector trailed other "non-stablecoin" sectors last week.Chainlink's price surged 52% over the past week primarily due to the announcement of its listing by New York-based Exchange, Gemini. As a result, the FS CryptoFX 40 Mid-cap ind...

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