The market keeps being in a lateral phase. After several attempts at USD 10’000, Bitcoin does not seem to have the strenght to make another push. Volumes are lowering more and more with each week. Still, total market capitalization is not dropping significantly and BTC’s dominance is not increasing either. In other words, we are not in a typical crypto bear market scenario.

Top coins in terms of market capitalization posted the worst result overall as already mentioned for the second consecutive week. This time, however, they shared the worst spot in terms of performances with Mid-cap coins. On the other hand, BTC was able to close the week on a more positive tone and finished better than both. The overall effect resulted in a basically unchanged level of BTC dominance.

BTC dominance keeps falling in in a context in which BTC itself is struggling to cross and keep the USD 10’000 level, but at the same time is not giving any sign of consistent weakness. In this scenario, altcoins are taking the center stage and the attention of investors. Altcoins’ overperformance is going on since almost a month now and an Altseason scenario could not be so difficult to imagine at this point.