Mildly Bullish: The SFOX Crypto Market Report, June 2020

  • 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%).

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