Cryptocurrencies rose to new all-time highs, bonds and national currencies declined, and stocks and commodities were mixed. The largest losses were in platinum, which dropped 2.2%, followed by US Dollar cash and short term notes, which fell 1.9% each. The CCi30 Crypto Index made the largest gains, rising 27.1%, followed by Ethereum, which rose 15.2%.
National currencies were all lower, led by the US Dollar, down 1.9%. The Chinese Yuan fell the least, closing off 0.2%. The debt market was also down; short term notes fell 1.9% and long term bonds dropped 0.6%.
The broad index of 30 cryptocurrencies rose every day this week, closing at a new all-time high of 19,975.82, up 27.1%. Ethereum hit a new high of 44.6 grams on Thursday, then pulled back to close at 42.6 grams, up 15.2%. Bitcoin made its new all-time high of 1.13 kg on Wednesday, then retreated to finish the week up 3.7%.
Equities were mixed, with gold stocks showing the most strength, rising 1.2%, while the Japanese Nikkei fell the most, closing down 1.5%. The Dow Industrials were off 0.7% and the S&P 500 finished down 0.5%.
Commodities had the best gains outside of the crypto space, as well as the week's worst losses. Crude oil rose 4.4% and palladium added 2.6%. Platinum turned in the week's worst performance, falling 2.2%. Silver and copper both finished higher, gaining 1.7% and 1.2% respectively.
Over the last year, cryptocurrencies have continued to massively outperform all other assets. ETH rose 1,436.6%, and the CCi30 gained 937.6%. Bitcoin lagged in the sector, rising "just" 743.3%. Both stocks and commodities were solidly in the green, but the only asset challenging crypto was crude oil, which saw a 209.7% gain. Long term bonds were the worst performer, falling 19.2%.
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