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 rally was fueled by the news that PayPal is going to integrate BTC and crypto payoments on its platform. The news is both a great one in terms of recognition from a huge payments business player like PayPal and in terms of effective crypto usefulness given how wide PayPal network is. BTC was trading in a lateral phase and this was exactly the kind of news needed in order to take a clear direction.
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.