Weekly Crypto Report, BTC rises “in the shadow”

GENERAL OVERVIEW

The past week was very good for the cryptocurrency market. BTC price kept climbing without stopping and was able to cross and hold the 15’000 USD level. Altcoins generally lagged the movement but still were overwhelmingly in the green for the period.

Somehow, BTC rally went wuietly, overshadowed by the other major stories of the week.

Overall, BTC performed far better than top altcoins as represented by our indexes.

TOP PROJECTS

On a wider period, Bitcoin catches the top spot in terms of return and is the most interesting coin by far even considering its level of volatility.

TECHNICALS

Looking at the last seven days’ prices, all the coins seem to be trading in the upper half of their price range apart from Monero (XMR) which is, however, not showing sings of actual difficulty.

On a weekly basis, it is interesting to observe how Moving Averages’ differences are showing signs of improvement for the majority of the altcoins. The same can be said for MACD looking at the wider 30-days period.

We proceed to have a look at the frequency distributions of the coins’ price in terms of satoshis to have a look at the relative performances. Bitcoin Cash (BCH) and XMR are showing the greatest difficulty with respect to BTC . On a wider period, the situation improves even more for BTC.

DISCLAIMER

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 14:00 UTC on the 6th November 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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