Digital Assets Weekly: March 20th, 2020
- Crypto markets rallied off last week’s lows.
- The risk / return profile looks attractive at these levels.
Winners & Losers
- Winner: The Steem community who is taking a stand against Tron founder Justin Sun.
- Loser: MakerDAO token holders who are getting diluted due to poor performing loans.
- BitMex going down for maintenance makes me cringe, but it may have been for the better.
- Bakkt, Argent, Phemex, and GrainChain are among projects that raised funding this week.
- Robert Sluymer: Crypto Technical Analysis: BTC collapses but holds 200-week sma, ETH vs BTC holds .22
- David Grider: Crypto Market Update
- Ken Xuan: Crypto Quant: Benchmark Crypto Indices Weekly Performance Review
Bitcoin’s price has sold off significantly over the past few weeks and has now started to bounce off the bottom we saw last Thursday. The chart below from Rob Sluymer, Fundstrat’s Chief Technical Strategist gives you a sense of where we’ve been.
Bitcoin has rallied off the prior week’s lows and finished this week (3/12/20 to 3/19/20) up 25%, partially recovering earlier month losses, ...
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