Crypto Rally Has Begun To Pullback

January 16, 2020 12:34 PM
Crytpo and Bitcoin Market Cap Story of Day

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CRYPTO MOVERS AND PRICES

 

 

CRYPTO STORY OF THE DAY

The Week's Crypto Rally Has Begun To Pullback - In Taking Stock Of The Market As A Whole, While There Are Some Shifts Worth Noting, Market Dynamics Have Mostly Remained Consistent

Crypto Takeaway: On the market cap front, the Top 10 has remained relatively unchanged with the exception of Bitcoin SV (BSV) which has climbed from 9th to 4th or 5th in the last two weeks. Beyond that, DASH entered the Top 10 for the first time in over a year while XLM ('Stellar'), which had been a mainstay in the Top 10 and once as high as #4 dropped to 14th. Notably, while USD peer-to-peer lending rates on Bitfinex (BFX) spiked as high as 53% annualized in the run-up as traders drew on margin to get long coin, those rates have also fallen to ~18%, only just above the 3-month average (chart).

 

 

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FRNT Financial is a technology and sales layer that offers institutional and accredited investors access to various forms of exposure to crypto-assets. You can subscribe to FRNT Financial Morning Note at https://www.frnt.io/morningnote