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Digital Assets Weekly: June 9th, 2020

Jun 9, 2020 • 4 Min Read
Author
David Grider
David Grider

Market Analysis

This week, Bitcoin’s price volatility dropped to its lowest level since the Black Thursday crash on March 12th; indicating a sustained lack of definitive direction in the market over the past few weeks.


Following Black Thursday, Bitcoin rallied over 150% leading up to the mining reward halving, but has yet to establish a prolonged break above its key $10K resistance level. As of June 8th, it was trading at $9,771.



Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis with a 36% gain to date. As of June 8th, the S&P 500 was flat on a YTD basis...

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