This week’s top news:
1) Coinbase Shares Meet Crypto Volatility: First Soar, Then Fall – CoinDesk
2) Turkey Bans Crypto Payments Amid Currency Crisis – CoinDesk
3) Canada Approves Two Ethereum ETFs in One Day – CoinDesk
|TradeBlock Index||Asset1||Price ($)||7d∆2|
|BTX||Basic Attention Token||1.27||-10.77%|
|1. Underlying asset sorted in descending order by 7 day price movers.|
|2. 7 day price movers monitored from 04/12/2021 06:00 ET thru 04/19/2021 06:00 ET.|
Crypto assets posted mixed results on the week. Early in the week large caps saw near record high prices before a crash over the weekend on thin trading volumes pared gains. The crash saw $10bn in positions liquidated in the matter of minutes. Among our indexed assets ethereum classic traded up the most gaining 78%, conversely basic attention token traded down the most, losing 10.77% on the week.
In equity markets, both the Nasdaq and S&P 500 traded up around 1.5% and ended the week near record highs. In the bond market, US treasuries rallied on the week with 10-yr yields falling to 1.585%.
Chart of the week
This past week Coinbase publicly launched on the Nasdaq through a direct listing. Direct listings have been a mixed bag of success in terms of price performance with past direct listings seeing muted share price increases during the first few days of launch.
Quote of the week
“Right now it’s clear it’s a store of value..It obviously moves a lot in value, which could keep it from spreading too far as a medium of exchange and widen adoption, but that can change” Dallas Fed President Robert Kaplan this week on bitcoin.
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