This was an odd week in the crypto markets: The Big Picture story was one of weakness, with all our indices down on the week.

And for the broadest overview of the entire sector, take a look at our Weiss 50 Crypto Index (W50), down 3.35% on the week:


What most market observers may not see, however, is that Bitcoin was the clear culprit, dragging down the market’s overall performance.

How do we know? Because when we remove Bitcoin from the index, as we do in our Weiss 50 Crypto Ex-BTC (W50X), we see the rest of the crypto market was down by only 1.1% on the week.

Meanwhile, major altcoins — such as Stellar, XRP, Monero, and Binance Coin — were relatively stronger.

Trouble is, when we look beyond the major altcoins to the mid- and small-cap cryptos, we again see pronounced weakness. Thus …7

The Weiss Mid-Cap Crypto Index (WMC) was down 5.80% on the week, and ...

The Weiss Small-Cap Crypto Index (WSC) performed even worse, down 9.25%.


Observers from afar might describe it as “a consolidation phase.” But it’s more than the standard “retreat-to-the-sidelines” scenario.

Rather, what’s also happening is this: Most investors are concentrating on a small number of high-quality cryptos. And they’re mostly avoiding virtually all digital assets beyond their favorites.

Moreover, the list of investor favorites is no longer be limited to Bitcoin alone. As this week’s activity illustrates, it’s becoming increasingly common for the likes of Stellar, XRP, Ethereum, or even Binance Coin to jump into the limelight in any given week.

Despite the market’s weakness overall, this could be an encouraging sign, denoting an industry in the process of broadening and maturing.

Weiss Ratings does not accept any form of compensation from creators, issuers or sponsors of cryptocurrencies. Nor are the Weiss Cryptocurrency Ratings intended to endorse or promote an investment in any specific cryptocurrency. Cryptocurrencies carry a high degree of risk. The SEC, CFTC and other regulators have expressed concerns with the volatility of the market and the actions of sponsors of specific cryptocurrencies. Be sure to review their official consumer alerts such as the public statement on cryptocurrencies by the SEC.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: BTC/USD bounces off $9,400 support after rejection at $9,700

The cryptocurrency market is in the green on Monday, during the Asian session. The largest cryptocurrency by market capitalization, Bitcoin is trading 1% higher on the day. BTC/USD opened the session at $9,446 and ...

More Bitcoin News

XRP/USD drops below $0.2000 after a failure at $0.2030

XRP/USD tested the intraday high at $0.2031, but the strong resistance located around this area discouraged the short-term bulls and pushed XRP/USD below $0.2000 by press time.

More Ripple News

Ethereum Price Analysis: ETH/USD consolidates weekly gains near $240

Ethereum (ETH/USD) surged higher on Saturday and touched its highest level since early March at $247 before closing the day with a daily gain of 10% at $243. The pair, however, has struggled to preserve its momentum ...

More Ethereum News

ADA/USD breakout from trendline support draws nearer to $0.1

Cardano continues to be one of the most active cryptocurrencies among the top 100. ADA/USD led crypto recovery last week to the extent of testing the critical $0.08. Although there was a brief break ...

More Cardano News


Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300.

Read the weekly forecast