Crypto Index Tracker: Bitcoin Outperforms
- By Bilal Hafeez and Dalvir Mandara
- 3 min read
Crypto markets rallied on Monday, but performance has not been uniform across coins or sectors. We also note that the correlation between crypto markets and tech stocks is being tested following the TerraUSD/Luna collapse (see our latest update on stablecoins) and our latest ethereum update dives into whether or not ethereum is the inflation hedge that everyone thinks.
As for the performance of our various indexes, performance is mixed (Charts 1 and 2). Our Bitcoin Index is leading gains at 7% followed by our Metaverse Index at 4%. Our Smart Contract and Privacy Indexes are both up around 1%. Lastly, our DeFi Index is the only one to have registered losses this week (2%).
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