Last week’s top 50 performance….guess crypto is still a risk-on asset class. 

Resembling the ongoing correction in NASDAQ tech stocks (down 10-20%), the large cap cryptocurrencies also remained under pressure last week, with notable exceptions including Bitcoin (BTC, +2.70%), Monero (XMR, +3.6%), OKEx (OKB, +9.7%) and DigiByte (DGB, +26.78%) which we highlighted last week.  It’s a difficult environment for trend traders, perhaps more fun for swing traders.  Gotta find the support / resistance zones and trade around them.

Last week’s notable gainers / losers (min $1M market cap):

Source: altFINS, Screener tab

Perhaps nowhere is the bearish sentiment more visible than in the number of pairs in an Uptrend vs. Downtrend.  On a short-term basis, downtrending pairs outnumber uptrending by 6:1.  You can find this data on Signals Summary tab.