Digital Assets Weekly: June 9th, 2020

Market Analysis

This week, Bitcoin’s price volatility dropped to its lowest level since the Black Thursday crash on March 12^th; indicating a sustained lack of definitive direction in the market over the past few weeks.

Following Black Thursday, Bitcoin rallied over 150% leading up to the mining reward halving, but has yet to establish a prolonged break above its key $10K resistance level. As of June 8^th, it was trading at $9,771.

Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis with a 36% gain to date. As of June 8th, the S&P 50...