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.

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.