Mildly Bullish: The SFOX Crypto Market Report, June 2020

Summary:

  • The SFOX Multi-Factor Market Index has been updated from neutral to mildly bullish as of June 8th.
  • A positive U.S. jobs report coincided with a rise in the S&P 500 and a dip in BTC, but don’t call them correlated.
  • The volatility levels of major cryptocurrencies seem to be trending towards more homogeneity, but it’s too early to identify this as a long-term trend.
  • In the beginning of June, ETH, BTC, BCH, LTC, gold, and the S&P 500 are up month-over-month; ETC, BSV, and RVN are down month-over-month. ETH had the highest MoM returns (16.15%); BSV had the greatest losses (4.82%).

In the June 2020 edition of the SFOX crypto market report, the SFOX Research Team reviews the crypto market’s volatility, correlations, and other performance metrics throughout the past month. We’ve aggregated price, volume, correlations, and volatility data from eight leading exchanges and liquidity providers to analyze the global performance of 7 major crypto assets — BTC, ETH, BCH, LTC, BSV, ETC, and RVN — all of which are available for smart-routing-powered trading on our trading platform.

To read the full report and analysis of these assets’ volatility, price correlations, and further development in the month of May and early June, head over to the SFOX blog for the full research.

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The first crypto prime broker for sophisticated traders and institutional investors.

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