Digital Assets Weekly: March 20th, 2020

Mar 20, 2020 • 6 Min Read

Summary

Market Analysis:

  • Crypto markets rallied off last week’s lows.

Portfolio Strategy:

  • The risk / return profile looks attractive at these levels.

Winners & Losers

  • Winner: The Steem community who is taking a stand against Tron founder Justin Sun.
  • Loser: MakerDAO token holders who are getting diluted due to poor performing loans.

Weekly Rant:

  • BitMex going down for maintenance makes me cringe, but it may have been for the better.

Financing Activity:

  • Bakkt, Argent, Phemex, and GrainChain are among projects that raised funding this week.

Recent Research:

Market Analysis

Bitcoin’s price has sold off significantly over the past few weeks and has now started to bounce off the bottom we saw last Thursday. The chart below from Rob Sluymer, Fundstrat’s Chief Technical Strategist gives you a sense of where we’ve been.

The chart in this report is only accessible to members

Bitcoin has rallied off the prior week’s lows and finished this week (3/12/20 to 3/19/20) up 25%, partially recovering earlier month losses, ...

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

Reports you may have missed

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

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

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

Already have an account? Sign In