Is Bitcoin’s Price Increase a Positive Sign for the Market?
By Emre Camlilar, Product Manager, MV Index Solutions
The price of bitcoin has increased since the beginning of last week following several pieces of positive news, such as an increase in mainstream interest in ETFs.1
Selected Index Performance as of 23.07.2018 (in %)
Source: MVIS Indices (Index Performance)
While the strong performance of bitcoin was not matched by that of other digital assets, the increase in combined market capitalization of all digital assets indicates growing interest in the space.
Number of Digital Assets vs Market Cap (bn USD)
Source: MVIS Research, CryptoCompare. Data as of July 23, 2018
In our view, positive market structure developments drive the digital asset markets.
About the Author:
Emre Camlilar oversees product management for MVIS indices globally. He is an index expert with 5 years of experience in index development, management and maintenance. As product manager with extensive index expertise, Emre offers deep knowledge of MVIS products, operations and new index construction and administration. He holds an M.Sc. in Economics from the University of Freiburg, Germany.
The article above is an opinion of the author and does not necessarily reflect the opinion of MV Index Solutions or its affiliates.