The last seven days saw moderately positive performances overall in the cryptocurrency market. All the indexes overperformed BTC, which finished the week with a negative result. No one overperformed the others and the only clear trend going on is the overperformance of Altcoins with respect to BTC.
bitcoin weekly analysis
The past week was very positive for the cryptocurrency market, which saw good performances all over the Place among top projects. It Is interesting to note how all the coins we follow consistently overperformed Bitcoin in the last seven days.
The last seven days saw very positive performances overall in the cryptocurrency market, with improvements coming at all levels of market capitalization. The second half of the week actually saw even an acceleration of the trend, which gained positive momentum.
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.
The last seven days saw neutral performances overall in the cryptocurrency market, with positive results coming from the smallest projects in terms of market capitalization. The vast majority of the week was actually showing a positive trend manifesting at each size level. On Wednesday, however, The whole market fell.
The last week was a bad one for the crypto market, which registered negative returns for the vast majority of the project in our sample. Indeed, just three projects out of seventeen posted a positive result.
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.
The last week was a bad one for the crypto market, which registered negative returns for all the projects in our sample. Thanks to a comeback in the last day limiting damages, none of the coins finished with a double-digit loss.
Top coins in terms of market capitalization posted the wors result overall as already mentioned, with medium and small coins offering a significantly more convincing performance this week. With opposite effects coming from top projects and mid/small ones, BTC dominance was stable this week just slightly below 65%.
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.