How Bitcoin Is Controlling The Ebb And Flow Of Crypto

Latest data shows that so far in the year 2022, the rest of the crypto market has been moving in tandem with Bitcoin. Crypto Indexes Follow Bitcoin In January So Far As per the latest weekly report from Arcane Research, all the various indexes in the crypto market have mimicked BTC’s movements so far in the month of January. The “crypto indexes” here refer to groups of cryptocurrencies separated into these divisions on the basis of market cap. There are three main indexes, the “large cap index,” the “mid cap index,” and the “small cap index.” The below chart shows how these various groups have performed compared to Bitcoin in the year 2022 so far: Looks like monthly performance of the mid cap index has been the best so far | Source: The Arcane Research Weekly Update - Week 2 As you can see in the above graph, the various crypto indexes seem to be moving in tandem with Bitcoin in the year so far. Related Reading | 70% Of Bitcoin Supply Is In Profit – Why Bulls Need To Defend This Level BTC’s returns in January stand at double digits in the red at the moment, closely followed by the small cap index which also has 10% in losses. The large cap has also traced Bitcoin quite closely as its losses stand at 8% right now. The reason for its slight overperformance against BTC has been due to the strength of DOGE, NEAR, and ADA. While the mid cap index has also m...