Digital Assets Weekly: June 3rd, 2020
Jun 3, 2020
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Market Analysis
Bitcoin climbed as high as $10,200 on Monday June 1st before retracing to $9,530 by Tuesday’s close and ending the week up 7.2%. According to research from CryptoQuant, this latest dip could be attributable to the 5th largest mining pool, which is unknown, liquidating a large stock of coins on Wednesday as Bitcoin surpassed $10,000.
Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis.
Ethereum led all other major crypto assets over the past week; posting a strong 18.1% return. Ripple lagged all other major coins with a 4.5% return on the week.