Cryptocurrency prices moved up slightly over the last few days, with Ethereum ($ETH) keeping its dominant performance and the flagship cryptocurrency Bitcoin ($BTC) moving up nearly 2% over the last few days.
Bitcoin’s performance was mild while other risk assets kept growing, presumably over dovish expectations from central banks. The stock market’s benchmark index, the S&P 500, moved up 3.11% over the past week while gold moved up 1.74%.
In June, all but one digital asset investment product recorded losses, with the only one seeing its assets under management rise being the 21Shares Short Bitcoin ETP, which benefits from dropping crypto prices.
In July, the trend reversed, with all products covered in CryptoCompare’s Digital Asset Management Review
reporting positive 30-day returns. Ethereum-based products led the bounce-back, driven by price movements in ETH.