Week in review; altcoins still in a slump since September

Last week saw a deterioration in market technicals, with losers outnumbering gainers.

Bitcoin (BTC) gapped down on couple of negative announcements (BitMEX lawsuit, Trump health), but recovered about half of its loses, and continues to trade in the $10K-11K range.

You can monitor performance stats on altFINS’ Crypto Screener > Performance tab.

Last week’s biggest losers were some of the biggest darlings in DeFi: YFI and SUSHI.  On the Gainers side, CEL continued its streak.

Far more assets (8:1) are in a downtrend than uptrend.  The altcoins sentiment remains sour after a spectacular run in 2020 that ended sharply in September.

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