Digital Assets Weekly: September 9th
Sep 9, 2020
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Market Analysis
Following a quiet August for Bitcoin price action, the asset sold off from its highs around $12,000 to as low as $9,946 on Saturday, before climbing back above $10,000 support and ending the week around $10,400. For the 7 days ended 8/7, Bitcoin was down 11.2% and now sits around ~$10,250.
Despite its meaningful sell-off, Bitcoin remains well ahead of all other asset classes on a YTD basis. Outside of Bitcoin, nearly all other major asset classes saw price declines last week with oil fal...