The last seven days saw positive performances overall in the cryptocurrency market led by Bitcoin pushing well over 11’000 USD. BTC overperformed all indexes, with Large coins just moderately underperforming and Mid-caps and Small caps reporting negative results on aggregate
The last seven days were good overall for the cryptocurrency market, even if BTC overperformed all of our composite indexes and was the clear catalyst of the movement. Currencies were the best sector overall, followed by Platforms and Tokens, with the latter significantly losing ground after weeks of overperformance.
Trend and momentum technical analysis for a selection of cryptocurrencies, with top and worst on a daily timeframe. Featuring ONE, CTXC, OMG, WAVES, KAVA, TRX, ETC, RVN, FTT, BCH
Finally, we got there. Today was the day of the much anticipated Bitcoin halving event, which caught the attention of all investors for weeks. The event will happen around 19.30 UTC . In a classical “buy the rumor, sell the news” fashion, BTC price actually crashed over the weekend losing circa 20% of its value. It then recovered and BTC was able to finish the week with a marginal gain, but still far from the relative high.