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Crypto Indices Performance Weekly Analysis By Fundstrat Global Advisors

Crypto Indices Performance Weekly Analysis By Fundstrat Global Advisors

Over the past 7 days, the FS CryptoFX Agg Index decreased by 5.1%, compared with a 2.8% increase for the S&P 500 (Slide 6). The crypto market was pretty quiet last week until Wednesday afternoon when BTC plummeted 6% within 20 minutes. BTC continued to slide after the Asian market awoke with the price breaking support at $9,450 and finally reaching a new low since late July. Although slightly recovered over the weekend, BTC still was traded 4% lower vs. the prior week.

  • The best performing size-based index was FS CryptoFX 10, which was down 4.7%. The worst performing size-based index was FS CryptoFX 40, which was down 11.0%.

The PlusToken scam keeps bubbling up. Claiming to provide a low-risk return by arbitraging crypto assets across different exchanges, PlusToken attracted several billion USD investments from millions of users. The Ponzi scheme was exposed recently with several of its team members placed under arrest. However, last week, according to Chains Guard, several suspect PlusToken Bitcoin addresses were still breaking its funds into smaller amounts to move them into new addresses. But none of them have been transferred into exchanges yet.

Note that Ken Xuan, Head of Data Science Research at Fundstrat has volumes of data expressed in a series of benchmark indices, with small-cap, mid-cap, large-cap variations, the CryptoFX 10, Stablecoin and more. This is the most complete research offered…..



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Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

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