• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
Bitcoin And Altcoins

Altcoin Indexes Outperform Bitcoin, Small Caps Lead Market

Hououin Kyouma by Hououin Kyouma
2 months ago
in Altcoin
Reading Time: 3 mins read
Advertisement

Data shows all the altcoin indexes have outperformed Bitcoin during the past month, with the small caps becoming the market leaders.

The Past 30 Days Were Green For Both Bitcoin And Altcoins

According to the latest weekly report from Arcane Research, all indexes record positive returns in the 27-31% range during the past month. The “altcoin indexes” here refer to groups of alts divided based on their market caps. The benefit of creating indexes of cryptos is that it makes it easy to assess the performances of the different segments of the market against each other this way.

There are three main altcoin indexes: the “small caps,” the “mid caps,” and the “large caps.” As is already apparent from their names, each of these covers coins of different sizes.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Now, here is a chart that shows how these three indexes have performed against each other, as well as versus Bitcoin, over the past month:

Altcoins vs Bitcoin

Looks like all these indexes have seen sharp rise in recent days | Source: Arcane Research's Ahead of the Curve - January 17

As shown in the above graph, both the altcoins and Bitcoin observed very little price action in the final third of December, as their returns were close to 0%. This trend started to change around a couple of weeks ago, however, as some bullish price action finally returned to the market after what was a full year of mostly bearish movement in 2022.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Related Reading: Bitcoin aSOPR Again Retests Bull-Bear Junction Level, Will Resistance Break This Time?

In the period since then, the entire market has seen a significant uplift, as all the market segments are in some major profits now. The winner during the past 30 days has been the small caps, who are currently sitting at 31% in the green.

An interesting thing to notice is that the small caps suffered the most at the end of 2022 as they capped the year being noticeably more underwater than the other indexes (as can be seen in the chart). This makes them turning it around and outperforming the rest of the market all the more impressive.

Related Reading: Here’s Why $22,400 Could Be The Next Major Level To Break For Bitcoin

Investors of both the large caps and mid caps are in profits of 28% each right now, not too far from the small caps’ performance. Bitcoin has also seen very close positive returns of 27% over the past month, but clearly, the altcoins have managed to outdo the pioneer crypto during this period.

As for Ethereum’s performance in this same period, the asset with the second largest market cap in the sector has observed gains of more than 32% in the past month, meaning that on its own, it has performed better than the indexes.

The report notes that the main reason behind the outperformance by the alts is due to these indexes observing a deeper decline than Bitcoin during the period following the FTX debacle back in November of last year.

BTC Price

At the time of writing, Bitcoin is trading around $21,200, up 21% in the last week.

Bitcoin Price Chart

The value of the crypto seems to have been consolidating in the last few days | Source: BTCUSD on TradingView
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Arcane Research
Tags: Altcoin IndexesAltcoin OutperformanceAltcoin Seasonaltcoinsaltsbitcoinbtcbtcusd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Hououin Kyouma

Hououin Kyouma

Loves to write, enthusiastic about cryptocurrency. Currently studying Physics at university.

Related Posts

Conflux (CFX) token Tallies 167% In Past Week, Here’s Why?

Conflux (CFX) Token Tallies 167% Increase In Past Week – Here’s Why

20 hours ago
DeGods Bitcoin Ordinals NFT Stacks (STX)

Stacks (STX) Reclaims $1 As First DeGods Ordinal NFT Mints For 3.2 BTC

3 days ago
STX

Stacks (STX) Down By 14% Ahead Of Upcoming Hard Fork Upgrade

4 days ago
kava

KAVA Token Ignores Market Downtrends With Over 10% Daily Gains

2 weeks ago
Altcoins

Altcoins At Underbought Levels Not Seen Since Early January: Santiment

2 weeks ago
Stacks

Stacks (STX) Holds 9% Gains On Weekly Chart As Top Coins Nosedive

2 weeks ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Ripple (XRP) And Cardano (ADA) Escape Bears As TMS Network (TMSN) Posts Thumping Presale Growth

March 19, 2023

Litecoin (LTC) and Dogecoin (DOGE) Signal Bullish Potential While TMS Network (TMSN) Explodes in Presale

March 19, 2023

Investors lose interest in Fantom (FTM), Aptos (APT) as they shift towards TMS Network (TMSN)

March 19, 2023

Orbeon Protocol (ORBN) Predicted To Skyrocket 60x At Presale Completion As Litecoin (LTC) and VeChain (VET) Pause After Moves Higher

March 19, 2023

2022’s Crypto Market Crash Distant Memory As Brands Like Metacade Lead Bull Run

March 18, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.