Digital Assets Weekly: June 16th 2020

Jun 16, 2020 • 4 Min Read

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...

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