Crypto Marketcap, BTC frenzy saves only large caps

The last seven days were negative overall for altcoins of all sizes. BTC catched all the spotlight crossing the 12’000 USD level and pushing towards 13’000. Alts lagged behind. Small-caps suffered the most, followed by mid-caps and large-caps.


The Large projects, i.e. our selection of cryptocurrencies with a high market capitalization, have shown a better performance than their peers during the week.

The intra-group correlations were slightly lower than usual at 0.60 on average, with Tron (TRX) posting the lowest level at circa 0.35.

On the other hand, the worst performing project was again Tezos (XTZ), which closed the week with a -5.11% w/w result.


The intra-group correlations for mid-cap coins were slightly lower than average with a value of 0.56. Waves (WAVES) posted the lowest value at 0.20.


The correlation between small projects was higher than past week with an average of 0.31, with Mco (MCO)) posting the lowest value again at 0.10.


The views expressed in this report reflect the analysts’ personal views about the cryptocurrencies subject of the report. These views may change without notice and are subject to market conditions. The report is prepared for information purposes only and by no means constitutes a solicitation to investment or disinvestment. All the data are taken from Binance at 15:00 UTC on the 21th of October 2020. USD and USDT are used interchangeably for illustration purposes. All the presented valuations, indicators, and analyses are subject to errors. The report is for personal use only and should not be republished or redistributed

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