Benchmark Crypto Indices Weekly Performance Review — March 9

Over the past 7 days, the FS CryptoFX Agg Index decreased by 6.5%, compared with a 0.6% increase for the S&P 500 (Slide 6). Amid rising coronavirus fears and the oil price war between OPEC and Russia, Bitcoin’s price tanked 5.3% over the past week. Primarily due to the global asset class sell-off, the correlations between Bitcoin and other asset classes have increased.

Despite the price decline, Bitcoin showed resilience and outperformed all other sectors (Slide 12). The laggardshi...

Finish reading this report for free

Enter your email and we'll send the paywall-free report directly to your inbox

Articles Read: 0/2

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.

Get unlimited access to Tom Lee's Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Events

Trending tickers in our research