Crypto Market Retreat Continues; Volatility Drops
San Francisco • Jul 7, 2021
The Bitwise 10 Large Cap Crypto Index fell 10.1% in June, continuing May’s sharp 28.6% decline. Lingering concerns about the impact of China’s recent crackdown on bitcoin mining, as well as nervous anticipation of a coming regulatory push on crypto from D.C., weighed on the market.
In this month’s Advisor Letter, our team explores the crypto market’s key performance metrics for June, reviews the most relevant news from the past month, and highlights a single chart that helps gauge the health of the market.
READ FULL ANALYSISBitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 30 crypto investment products spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 4,000 private wealth teams, RIAs, family offices and institutional investors as well as 15 banks and broker-dealers. The Bitwise team of over 100 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.
