Loading Posts...

Crypto Indices Weekly Performance, Fundstrat Global Advisors

Crypto Indices Weekly Performance, Fundstrat Global Advisors

Over the past 7 days, the FS CryptoFX Agg Index decreased by 0.6%, compared with a 1.0% increase for the S&P 500 (Slide 6). It was not a very volatile week for Bitcoin – Bitcoin continued its downward movement from the end of last week, fell below $9,900 on Wednesday morning but quickly rebounded back. Bitcoin gradually climbed back to $10,200 level since Thursday and finished the week at ~$10,350, 0.9% lower than the prior week.

Privacy tokens, one of the few practical use cases (believe or not), are facing stronger and stronger regulatory pressures. OKEx Korea has announced it will end the support of 5 privacy tokens (Monera, Dash, Zcash, Horizen, and Super Bitcoin). The final day of transaction support will be Oct 10th, and the withdrawal service will end by Dec 10th. According to its disclosure, this decision is made primarily due to the Financial Action Task Force’s (FATF) strict rule on information collection on payment transactions such as the name and address of sender and recipient. This is not the first and is unlikely to be the last time that exchanges bend to the rule of law.

  • The best performing size-based index was FS CryptoFX 10, which was down 0.5%. The worst performing size-based index was FS CryptoFX 250, which was down 2.0%.
  • The best performing sector index was FS CryptoFX Platform, which was up 3.3%. The worst performing sector index was FS CryptoFX Exchange, which was down 7.6%.

Fundstrat Global Advisors offers a wide range of equity and crypto research products that have a strong following from New York to London to Singapore and Tokyo. Feel free to reach out for information and contacts. 



The author didnt add any Information to his profile yet

Classarius is the only data driven news for blockchain, cryptocurrencies and technology from investment professionals.

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.

Classiarius Guest Posts
Classiarius allows guests to write articles on blockchain, finance, and analysis on technology, political risks and crpytocurrencies. You may include links to your previous content in your articles. Write Guest posts
Loading Posts...