Join Delphi Research today and immediately get access to our full Member Portal!
Join Delphi Research today and immediately get access to our full Member Portal!
Back

What BTC Derivatives Data is Saying, Hash Rate Declines, and a Silver Lining for Ethereum

Jun 22, 2021 · 3 min read

By Ashwath Balakrishnan, and Jeremy Ong

Market Update

After yesterday’s 11% decline on BTC, the Asia session opened up to even more selling (no surprise). The market briefly popped, but this was short-lived as the selling continued on London and New York open. Today’s biggest winners were stablecoins, and biggest losers were literally everything else.

This Week’s Performance

Everything is down today, except stablecoins which have done their job with respect to holding their peg. The Polkadot ecosystem and meme coins were the hardest hit, but every major sector/ecosystem is down over 30% over the past week.

Delphi Dailys are absolutely free to read on our portal and get in your inbox - you just need to sign up with your email!

Sign Up For Free