Digital Assets Weekly: September 1st
Sep 1, 2020
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Market Analysis
Early in the week, Bitcoin dipped testing $11,000 as support before rebounding and ending the week only slightly down
(-0.8%) from the week prior at $11,678. August is only the second month in Bitcoin’s history that it traded above $10,000
for the entire month.
Bitcoin continues its 2020 outperformance compared to all major asset classes. Notably, equities reached new all-time highs
this week and the Dollar continued its decline as investors expressed their appetite for risk-on assets.