The last seven days negative positive for the cryptocurrency market, which is still struggling to find a clear direction and is in a lateral phase. All our sectors were negative, with currencies overperforming both tokens and platforms.
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%.
The last seven days were positive overall for the cryptocurrency market, with all our sectors registering a positive performance for the second consecutive week.Currencies, Platforms and Tokens were all able to overperform BTC. After a week of Platforms’ dominance, Tokens are back in full swing as the best performing sector according to our indexes. Platforms still managed to hold the second spot, while Currencies were the worst-performing sector, having been affected by a subpar BTC performance.
Currencies, Platforms and Tokens were able to overperform BTC and close with very significant gains. BTC halving was followed by a very sharp rebound of the market, which is additionally now not anymore focused on the much anticipated event. Therefore, gains are much better widespread between sectors than they were during the pre-halving week.
Recap of trend and momentum indicators for cryptocurrency projects on 1hr and 1day timeframes