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NewsBTC 2022-02-12 02:00:57

Small Cap Index Lead Gains In February, But What Is Bitcoin Doing?

Altcoins have been bigger winners than bitcoin in the recent recovery. Even though the latter led the recovery, the smaller cap coins have been making all of the waves in the space, outperforming other indexes and bitcoin included. All of this has pointed to an altcoin season after a purported ‘crypto winter’ and the gains recorded so far in February are additional proof of this. Small Cap Index Takes The Lead The whole of the crypto market had suffered from the downtrend that began in December. However, the second week of February had come to some reprieve with double-digit gains across bitcoin and all of the indexes. The small, mid, and large cap indexes have all returned gains so far, but the small cap has taken the leading, showing increased bullish momentum in the smaller cap altcoins. Related Reading | Bitcoin Steadies Above $45k, US Inflation Comes In At 7.5% Year Over Year Just two weeks into February, the small cap index has seen gains as high as 19%. This is a huge step-up for the index after it closed out January as the worst-performing index, seeing accelerated losses compared to its counterparts. The tables have now turned as the gains for the small cap index have been 4% higher than all of the others. Small cap index returns highest gains | Source: Arcane Research Bitcoin, the mid cap, and the large cap index all returned doubled-digit gains for January. Most of the gains recorded were from a single wee...

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Small Cap Index Lead Gains In February, But What Is Bitcoin Doing?

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