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.
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