Bitcoin Cedes Control to Alts

Ethereum has finally taken back market share from Ripple, which has retraced notably. We have rebalanced the Altcoin Index and Crypto Spread Indicator to account for this. Unfortunately, despite gains in Ethereum, this just doesn’t seem enough to carry the team, and the Altcoin Index has retraced a bit, but not to the extent of BTC, which has ceded control back to alts in the Crypto Spread, after it retained control for a brief period over the weekend. The stumbling Bitcoin seems a better buy than the major alts at this point.

Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!

For daily commentary on cryptocurrencies, subscribe to our newsletter!