Digital Assets Weekly: June 3rd, 2020

Jun 3, 2020 • 5 Min Read

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.


The chart in this report is only accessible to members


Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis.

The chart in this report is only accessible to members


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.

The chart in this report is only accessible to members


With the exception of the FS Crypto FX 250, all size-based indices outperformed Bitcoin over the past week. FS Crypto FX 40 was the best performing index and was up 12.2%. Major contributors to the outperformance of the FS Crypto FX 40 were Cardano (47%), and Chainlink (14.4%).


The chart in this report is only accessible to members


The table below shows the returns of the largest assets and the FS Size Indexes over the year. 


The chart in this report is only accessible to members

Fundamental Valuations


Bitcoin’s P/CMR valuation stood at 9.6x as of 5/27 vs 8.9x as of last week. This value remains slightly below the levels from Mar-19 through present.


The chart in this report is only accessible to members

Bitcoin’s market cap to realized value (MV/RV) ...

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