Week 38 2020

  



Week numberFrom DateTo Date
Week 52, 2019December 23, 2019December 29, 2019
Week 01December 30, 2019January 5, 2020
Week 02January 6, 2020January 12, 2020
Week 03January 13, 2020January 19, 2020
Week 04January 20, 2020January 26, 2020
Week 05January 27, 2020February 2, 2020
Week 06February 3, 2020February 9, 2020
Week 07February 10, 2020February 16, 2020
Week 08February 17, 2020February 23, 2020
Week 09February 24, 2020March 1, 2020
Week 10March 2, 2020March 8, 2020
Week 11March 9, 2020March 15, 2020
Week 12March 16, 2020March 22, 2020
Week 13March 23, 2020March 29, 2020
Week 14March 30, 2020April 5, 2020
Week 15April 6, 2020April 12, 2020
Week 16April 13, 2020April 19, 2020
Week 17April 20, 2020April 26, 2020
Week 18April 27, 2020May 3, 2020
Week 19May 4, 2020May 10, 2020
Week 20May 11, 2020May 17, 2020
Week 21May 18, 2020May 24, 2020
Week 22May 25, 2020May 31, 2020
Week 23June 1, 2020June 7, 2020
Week 24June 8, 2020June 14, 2020
Week 25June 15, 2020June 21, 2020
Week 26June 22, 2020June 28, 2020
Week 27June 29, 2020July 5, 2020
Week 28July 6, 2020July 12, 2020
Week 29July 13, 2020July 19, 2020
Week 30July 20, 2020July 26, 2020
Week 31July 27, 2020August 2, 2020
Week 32August 3, 2020August 9, 2020
Week 33August 10, 2020August 16, 2020
Week 34August 17, 2020August 23, 2020
Week 35August 24, 2020August 30, 2020
Week 36August 31, 2020September 6, 2020
Week 37September 7, 2020September 13, 2020
Week 38September 14, 2020September 20, 2020
Week 39September 21, 2020September 27, 2020
Week 40September 28, 2020October 4, 2020
Week 41October 5, 2020October 11, 2020
Week 42October 12, 2020October 18, 2020
Week 43October 19, 2020October 25, 2020
Week 44October 26, 2020November 1, 2020
Week 45November 2, 2020November 8, 2020
Week 46November 9, 2020November 15, 2020
Week 47November 16, 2020November 22, 2020
Week 48November 23, 2020November 29, 2020
Week 49November 30, 2020December 6, 2020
Week 50December 7, 2020December 13, 2020
Week 51December 14, 2020December 20, 2020
Week 52December 21, 2020December 27, 2020
Week 53December 28, 2020January 3, 2021
Week 01, 2021January 4, 2021January 10, 2021

Bitcoin Market Health

Week 38 begins on Monday, 20 September 2021. Check the current week number and convert between dates and week numbers on Weeknumber.co.uk. Calendar Planner For Week 38 In 2020, Ends September 20 – 15823 Broadcast Calendars Rab – 15826 Now you’ve got sufficient reasons to make a calendar on your own. The calendar is.

Bitcoin started to recover in Week 38, beginning the week at $10,340 and ending it at $10,900. BTC briefly moved above $11k on Wednesday and Saturday, but failed to find support at this level, falling back down into the high $10,000s. As of Monday morning, however, BTC has fallen to $10,450 as crypto markets drop along with the stock market.

Bitcoin on-chain fundamentals increased over Week 38 after losing ground the previous week. GNI saw a 5 point increase, taking it back up to a score of 60 points. This increase was due to gains across all three subindices: Network Health, Liquidity, and Sentiment.

Week 38 2020

Network Healthgained 9 points during Week 38, ending up at 74 points. Network growth saw a 16% increase as more bitcoin addresses were created, while network activity also grew due to a rise in the number of on-chain BTC transactions.

Liquiditysaw a 2 point increase over the week, bringing it to a score of 55 points. Both the trading liquidity and transaction liquidity subcategories saw modest increases as a result of an increase in stablecoin supply and on-chain transaction count.

Sentimentincreased by 4 points, due to spikes in both the investor sentiment and saving behavior subcategories. Investor sentiment rose due to the slight BTC price increase throughout the week, which saw more UTXOs move into a profitable state. Meanwhile, the rate at which hodlers acquired BTC also increased, bumping up the saving behavior subcategory.

Week 38 2020

Glassnode Compass

The compass moved further into safer territory during Week 38, seeing increases in both GNI and price trend. This represents the 17th consecutive week that BTC remains in the bullish Regime 1 quadrant.

However, while BTC performed well during Week 38, Monday morning's events threaten to pull the price back down. This morning, Bitcoin fell to $10,450, seeing large losses along with the rest of the crypto market. This drop was almost certainly caused by a sharp drop in stock market futures.

202038th week 2020

Throughout 2020, we have consistently seen a strong correlation between crypto markets and traditional financial markets, and the crypto market's response to the 2.2% drop in Dow Jones futures this morning has reaffirmed this correlation.

As such, while the BTC price does appear to be stabilizing later into the day, investors should keep an eye on stock market movements to see whether they should prepare for a further drop in prices.

Altcoin Digest

Performance against BTC

In Week 38, BTC saw strong performance against the rest of the crypto market; every major altcoin lost value next to BTC over the week. In its continued slide, LINK lost 22.7% of its value against BTC, while ETH fared better at only -3.9%.

Meanwhile, Bitcoin SV has slipped out of the top 10 altcoins thanks to the release of DOT and the increase in value of Crypto.com coin (CRO).

Week 38 2020

Performance against USD

The top coins had mixed performance against USD over the past week. BCH, XRP, and BCH all increased slightly in dollar value, while LTC, DOT, and LINK lost value.

BTC gained ground once again, increasing its market dominance back to 58.3%, up from 56.6% the previous week.

Which altcoins would you like to see us cover in future editions of The Week On-Chain? Let us know on Twitter.

ETH Continues to Flow Out of Centralized Exchanges and Into Smart Contracts

Timeshare Week 38 2020

As innovation in DeFi continues at a rapid pace, more and more ETH are flowing out of exchanges and into smart contracts.

Met Opera Week 38 2020

Since 15 August, the balance of ETH on centralized exchanges has decreased by 11.6%, with 2.2 million ETH being withdrawn on net. Meanwhile, the amount of ETH in smart contracts has increased by 3.4 million ETH.

This means that not only is ETH being withdrawn from exchanges and moved into the DeFi ecosystem, but it is also moving from private wallets into smart contracts. Right now, the DeFi ecosystem has 8 million ETH locked up, in comparison with the 16.6 million ETH on centralized exchanges - and this figure is continually growing.

At the same time, ETH volume on centralized exchanges is stagnating while DEX volumes continue to increase as the ecosystem matures and moves increasingly toward on-chain transactions.

Week 38 2020 Rsk Papers

  • Follow us and reach out on Twitter
  • Join our Telegram channel
  • For on–chain metrics and activity graphs, visit Glassnode Studio
  • For automated alerts on core on–chain metrics and activity on exchanges, visit our Glassnode Alerts Twitter

Calendar Week 38 2020

Disclaimer: This report does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.