Digital Assets Weekly: June 16th 2020
Jun 16, 2020
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Market Analysis
Following a brief dip below $9,000 on Monday, Bitcoin rallied in line with other major markets to close the day at $9,450.
Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis.
Bitcoin led all other major crypto assets over the past week by 2% - 3%.
FS Crypto FX 250 was the best performing index last week, finishing the week down 1.2%. All other size-based indices lagged Bitcoin.
The table below shows the returns of the largest assets and the FS Size Indexes over the year.
Fundamental Valuations
Bitcoin’s P/CMR valuation stood at 9.4x a...