Digital Assets Weekly: August 5th
Aug 5, 2020
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Market Analysis
After last week’s spike, BTC continued its rise nearing $12,000 before a $1 billion liquidation event caused the price to crash $1,500 and then stabilize above $11,000. BTC finished the 7-day period ending August 3rd up 1.7%.
As the dollar suffered this week (measured by the DXY), Bitcoin and gold continued their outperformance compared to all other asset classes.
Ripple and Ethereum both surged this week up 37% and 19%, respectively. Ripple disclosed they purchased an undisclosed amount of XRP in Q2 and also sold $32.55 million worth of XRP tokens in the OT...Finish reading this report for free
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