During derisking carnage of crypto, it actually seems that the small cap altcoin come out as losers since they look at month end with 35% in red.
The Altcoin Small Cap Suffer from biggest Losses
According to the latest report from Arcane Research, this seems like smaller coins have great losses during January carnage.
As per the market cap of every crypto, all coins may be put in different groups. Such market cap also weighted indexes which include three divisions such as large cap index, small cap index and mid cap index. All altcoin indexes have also observed the double digit losses January.
Though other indexes have also registered returns in negative for 20s, small cap index also have deep in red, observing the losses of almost 35%, making index with loser.
Also, trailing small cap index usually are mid cap as well as large cap cryptos, that are approaching month end with almost 28% losses.
Dominance of BTC
The Dominance of BTC’s has even seen some kind of sharp increase in last week, increasing more than 40% for first time ever since Last year November.
The table clearly shows about the share of market cap related to top or the best cryptos that has simply changed over last one week or last 7 days.
This report recommended about the fact that with the altcoin losing few of the share of entire crypto market in the Bitcoin, this also clearly seems that the altcoin season might have also come to end.
Price of BTC
During the writing time, price of Bitcoin simply floats around for almost $37.9k, down with almost 10% in last 7 days. Crypto lost almost 25% in value for last month.
However, following crash down to almost $33k, the price of Bitcoin has rebounded back through sharp uptrend for almost $38k in previous two days.
