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Digital Assets Weekly: August 18th

Aug 18, 2020 • 5 Min Read
Author
David Grider
David Grider

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Market Analysis

After bumping up against its $12,000 resistance level for the greater part of the week, Bitcoin broke above $12,000 on Monday August 17th and finished the 7D period up 3.8% at $12,316.
Open interest on CME Bitcoin Futures hit an all-time high on Friday ($846M vs last week’s record of $840M) and Bitcoin’s hashrate hit an all-time high over the weekend rising a record 129 TH/s.

Bitcoin has continued its dominance in terms of its YTD performance compared to other asset classes. Notably, gold continues...

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