The last seven days were negative overall for altcoins of all sizes. ALts keep suffering because of BTC rallying and catching all the attention. Bitcoin even pushed near 14’000 USD just to fall back in 13’000 USD territory, but its upward trajectory seems still in place. Large-caps still overperformed Mid and Small-caps during the week.
The rally was fueled by the news that PayPal is going to integrate BTC and crypto payoments on its platform. The news is both a great one in terms of recognition from a huge payments business player like PayPal and in terms of effective crypto usefulness given how wide PayPal network is. BTC was trading in a lateral phase and this was exactly the kind of news needed in order to take a clear direction.
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 last seven days were negative for the cryptocurrency market, which is struggling to find traction despite BTC comfortably trading over 11’000 USD. All our sectors were negative, with tokens underperforming both currencies and platforms.
The 99-periods Moving average which was being tested a couple weeks ago held as a support and this keeps the general uptrend for BTC still intact.
On Friday, the market experienced some turbulence after the news that one of OKEx exchange keys-holder was cooperating with a public security bureau because of an investigation. This in turn caused the freezing of withdrawals from the exchange and BTC price to drop 3% in minutes. However, the 11’000 USD level was not touched and the price rebounded afterwards.
The last seven days saw a very negative performance for altcoins, which suffered from a sudden BTC downward movement at the start of the week and were not able to recover afterwards. Small-caps suffered the most, followed by mid-caps and large-caps.
The last seven days negative positive for the cryptocurrency market, which is still struggling to find a clear direction and is in a lateral phase. All our sectors were negative, with currencies overperforming both tokens and platforms.
The past week was mildly negative for the cryptocurrency market. BTC price experienced some news-induced volatility during the last days of the period but the performance was not significantly in the red overall.
The last seven days saw a general recovery of the cryptocurrency market after a very negative past week. All our dimension-based indexes performed positively and overperformed BTC. Mid-caps performed better than their peers, with small-caps besting large-caps for the second place.
The last seven days were positive for the cryptocurrency market, which was coming from a difficult week. All our sectors were positive and overperformed BTC.
Platforms and tokens fared better than currencies, which is something we often observe in a bull market.