Delphi Daily

Disclosure: Members of our team may own positions in assets mentioned in this report. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only and you should not make decisions based solely on it. This is not investment advice.

Market Update

The crypto market had yet another quiet weekend with very little volume across the top 100 coins (likely a result of most of the industry gathering in Miami). Despite BTC falling less than ETH from current ATHs, ETH looks like the stronger asset for now.

Formidable Strength on ETH/BTC

  • If you look at the YTD ETH/BTC chart in isolation, you probably wouldn’t guess fear in the crypto market is the highest it’s been in a year.
  • It’s worth noting that in 2017, ETH/BTC topped out mid cycle and proceeded to trend down as BTC ripped to $20,000. Further, at the early 2018 top, ETH/BTC took a massive beating and didn’t recover even close to as quickly as it has this time.

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