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07 Mar

Somber news was released today afflicting an already somber cryptocurrency market. The popular exchange binance was hacked and users accounts were reportedly used to buy VIA. An official statement from Binance read:

Kovach Altcoin Index

This index is a weighted average of the top 5 altcoins by market capitalization.

Since this changes often, the index is updated weekly. You can think of it as the S&P 500, but for altcoins.

Itʼs extremely useful to get & feel for the flow of funds between bitcoin and the other altcoins.

Kovach Crypto Spread

With the Kovach Crypto Spread, we can visualize the returns on Bitcoin vs the top altcoins by market capitalization. Since the market capitalization changes frequently, this indicator is updated weekly.

If the indicator is in positive, bitcoin is providing better returns than the altcoins.
If the indicator is negative, the converse is true.

digital currencies

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Heads Up! Binance Got Hacked!

Kovach Altcoin Index

Kovach Crypto Spread

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digital currencies

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Kovach Altcoin Index

Kovach Crypto Spread