Weekly Crypto Report, air gap

The past week saw BTC reaching its all-time high price and then falling back to earth. All the cryptosphere basically fell accordingly, with top projects clearly suffering behind. The tone was, therefore, cleraly switched in a somehow abrupt fashion. The market fell together with legacy financial markets. Particularly in the US, inflation rising is becoming more and more of a concern, with interest rates rising and outflows from the best performing stocks of the past months. It is not the first time that BTC fell or rise together with the stock market, with last March immediately coming to mind.

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Weekly Crypto Report, Perseverance not alone on Mars

The past week saw another milestone in the history of space exploration, with the Perseverance rover landing on Mars amidst the enthusiasm of NASA and the entire world. Getting “to the moon” is surely a well-known expression in the crypto world. At this point, we can safely say that BTC has traveled far beyond that. Perseverance was a necessary quality for any cryptocurrency investor between 2018 and 2020, and it finally paid off. Bitcoin broke even the 50’000 USD level this week after a couple of days of “flirting” and the trend shows no sign of weakening. Conversely, altcoins are widely following the uptrend, and adding fuel to the rally.

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Weekly Crypto Report, in great shape

The last week saw again the crypto market in full swing. All the top projects recorded good performances. With respect to this, we have to note how even the mood in traditional financial markets has switched again to positive. In this phase, it looks like cryptos are benefiting from a similar dynamic to that of the other risky assets, with low rates overall not providing interesting yield opportunities. In this context, new technologies and interesting projects catch the eyes of a wider amount of investors looking for valid alternatives or simply the best opportunity in terms of potential growth.

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Weekly Crypto Report, crazier than usual

The last week has been a very crazy one, even by crypto market standards. A trend started in traditional financial markets consisting of subreddits pushing some small-caps stocks higher and higher. Hedge funds and traditional investors in general were caught off-guard, stop loss were triggered on short positions and volatility rose unexpectedly. On the same note, the crypto market experienced a burst in volatility near the end of the week. Subreddits played a role as well, particularly pushing Dogecoin to levels never seen before. Tron was another crypto investors’ favourite, while BTC even benefited from an Elon Musk’s tweet.

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Weekly Crypto Report, no end in sight

The crypto market is now worth more than 1’000 billion USD. However, the market capitalization of altcoins is still just about 60% of how much it was at its peak at the beginning of 2018. In other words, an altseason could be around the corner if a pattern already seen in the past is going to be repeated. Actually, the past week has already seen a very good performance of altcoins, as you can see in our table above.
Whatever the case, mediatic exposition is booming for BTC and cryptos, and this is a great occasion for the blockchain technology to showoff the developments of the past couple years.

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Weekly Crypto Report, 20’000 is no more

It finally happened. After three long years, BTC approached again the 20’000 USD level. In December 2017, it wasn’t able to catch it. Even worse, 20’000 acted as a strong resistance and Bitcoin fell back rapidly. This time around, things went differently. BTC crossed 20’000 USD on December 16th and didn’t stop there. It actually approached USD 24’000 in a crazy two-days rally. Bitcoin eventually fell down but was still able to close at around 22’500 USD.

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Weekly Crypto Report, only XMR defies the downtrend

The past week was a negative one for the cryptocurrency market. BTC uptrend appears to be losing some steam going into the end of the year. However, finding a sound ground in terms of price around 18’000 USD is an aimportant achievement. The first time BTC crossed the 15’000 USD marks, it was actually able to keep it for less than a couple months. Not pushing considerably back would be a great result in itself.

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Weekly Crypto Report, whole market pushing higher

The past week was a very positive one for the top cryptocurrencies we cover. Last week proved to be nothing more than a temporary retracement and Bitcoin recovered from it and drove the whole market up. Altcoins were able to follow for the major part, with the whole market capitalization now well over 560 billion USD and very high volumes overall.

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Weekly Crypto Report, PayPal makes BTC skyrocket

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.

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Weekly Crypto Report, waiting for a clear direction

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.

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Weekly Crypto Report, a tech-stocks like behavior for cryptos

The past week was significantly negative for the cryptocurrency market. BTC price experienced some volatility and rebounded on its 100-periods daily moving average after falling consistently. All the top cryptos fell, with only Cardano (ADA) being able to report a positive result.

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Weekly Crypto Report, NEO is flying on Flamingo wings

The past week was overall positive for the cryptocurrency market, despite not all the top coins posting positive performances. BTC catched the bulk of investors’ attention pushing to 11’000 USD. Some of the altcoins, however, were even able to beat its performance and catch a fair share of the spotlight.

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Weekly Crypto Report, BNB clearly overperforms the field

The cryptocurrency market moved laterally during the past week. BTC failed to rebound significantly but still managed to keep the USD 10,000 level. All in all, volatility was moderate and no news revived the market.

BTC dominance kept falling and is now around 56%. Altcoins have reacted better than the past to BTC price correction, which is a good sign for the market in itself. We are probably going to still see interesting projects being liked by the market and this leaves some more margin of analysis with respect to a market entirely driven by BTC.

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Weekly Crypto Report, NEO stands out in a lateral week

The cryptocurrency market has taken a breath during the past week after several weeks of very good performances. Some of the altcoins still posted good results, but the general context was for sure weaker than it was a week ago.

BTC dominance recovered a little but is still below 60%. There aren’t any particular news or development triggering the pause of the upward movement, therefore there is no actual reason to suppose that the positive mood of the market in the last month is coming to an end. This looks more like a lateral week for the market. BTC even tried to push over 12’000 USD and then came back, possibly causing the cool-off of altcoins as well.

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Weekly Crypto Report, Ethereum surges while altseason continues

The past week was a good one for the cryptocurrency market, which saw some very good performances among top projects overall . The dynamic was slightly different with respect to the recent weeks, with Bitcoin providing a nice impulse to the market and a good chunk of altcoins overperforming it, overcoming a kind of juxtapposition trend which we were starting to be used to.

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Weekly Crypto Report, LINK is the clear frontrunner of the altseason

The past week was an average one for the cryptocurrency market, which saw some very good performances among top projects together with moderately negative performances from the rest of the group. Bitcoin was right in the middle. Three very good performers skew the overall result and make altcoins index overperform BTC for the week. However, altcoins performance was for sure not as widespread as it was during the past week.

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