The last seven days feaured BTC holding pretty comfortably the price level reached during the previous week. On the other hand, altcoins struggled to keep the same pace and registered negative performances all over the board. Large-caps actually struggled more than small and mid-caps, with Ripple saga with the SEC weighing on the index. Small-caps and mid-caps finished in negative territory and with a very similar performance.
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.
The last seven days started on a positive note and finished with a bang. Bitcoin finally crossed the 20’000 USD mark and closed the week at its all-time high price. Altcoins still have a lot of margin to grow in a lot of cases. From now on, we enter an uncharted territory. It is going to be fun.
The last seven days were very positive overall for the cryptocurrency market, which is continuing to rise regardless of the sectors. Currencies, platforms and tokens finished with pretty similar performances overall, with investors not being focused so much on sectors for the past week.
The last seven days were negative overall for altcoins of all sizes. ALts keep suffering because of BTC rallying and catching all the attention. Bitcoin even pushed near 14’000 USD just to fall back in 13’000 USD territory, but its upward trajectory seems still in place. Large-caps still overperformed Mid and Small-caps during the week.
The last seven days showed another great performance for altcoins. All kind of cryptocurrency sectors overperformed BTC according to our indexes. Among the different sectors, Tokens took first place in terms of results, just barely overperforming Platforms. Cryptocurrency currency projects finished third, despite still beating Bitcoin.
The past week was a great one for the cryptocurrency market, which saw impressive performances among top projects overall . Bitcoin kept providing boost to all the other top coins, definitely crossing the dynamic resistance which was limiting its upside since the end of 2017.