Brief Overview Of Crypto Performance Against Global Benchmarks

BTC has outperformed all of the above benchmarks this week trading +28%
Crytpo and Bitcoin Market Cap Story of Day

Crytpo and Bitcoin Market Cap Story of Day

CRYPTO MOVERS AND PRICES

 

 

CRYPTO STORY OF THE DAY

BTC Has Outperformed This Week - We Provide A Brief Overview Of The Space's Improving Performance Against Global Benchmarks

  • Since February 20 (highs in SPX), BTC has traded down -40%. Versus other major benchmarks in that period:
    • Has underperformed the SPX by 10%
    • Has underperformed the NDQ by just over 10%
    • Has underperformed the FSTE by 7%
    • Has outperformed WTI by 10%
    • Has underperformed spot gold by 28%
  • Since March 11, BTC has sold off -20%. Versus other major benchmarks in that period:
    • Has underperformed the SPX by 5%
    • Has underperformed the NDQ by 3%
    • Has traded in line with the FTSE
    • Has outperformed WTI by 15%
    • Has underperformed spot gold by 10%
  • Furthermore, BTC has outperformed all of the above benchmarks this week trading +28%.

Crypto Takeaway: We're not prepared to fully close the door on the possibility that BTC ends up performing relatively well out of this crisis period.

Prior to the March 11 sell-off, BTC had been trading smartly in the range of 7,5000. A massive global liquidation brought crypto down in concert, which we believe was greatly exacerbated by leverage in the crypto-derivative ecosystem.

The added issues that saw exchanges freeze, for a variety of different reasons, left the space in a mess. Obviously, it would be unusual to see BTC rally if we see another 10% sell-off day in the SPX.

That said, the week's activity has been encouraging and the likelihood of another melt-down has been greatly reduced given the mass speculative-long liquidations.

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About the Author

FRNT Financial is a technology and sales layer that offers institutional and accredited investors access to various forms of exposure to crypto-assets.