• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback

Altcoin Underdogs Outperform Bitcoin To Kick Off 2022

Hououin Kyouma by Hououin Kyouma
1 year ago
in Bitcoin
Reading Time: 3 mins read
Advertisement

Altcoins have started the year 2022 with an overperformance over Bitcoin. Out of all the various indexes, the mid-cap coins seem to have accumulated the most gains so far.

Bitcoin Starts The Year Underperforming The Altcoins

As per the latest weekly report from Arcane Research, Bitcoin’s 2022 has started with the coin underperforming in front of various altcoins.

Throughout 2021, most of the altcoins managed to beat BTC in terms of overall gains. And it looks like this year also hasn’t been any different so far.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

Here is a chart that shows how the various altcoins have compared with Bitcoin since the start of this year:

Bitcoin Vs Altcoins

Looks like every index has beaten BTC so far in the year | Source: The Arcane Research Weekly Update - Week 52

In the above graph, all the altcoins have been separated into different “indexes” based on their market capitalization.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

The three categories include the large-cap index, the mid-cap index, and the small-cap index. The various coins fall into these divisions depending on where their market cap stands, and their gains as a whole are considered in the chart.

Related Reading | Bitcoin Open Interest Reaches Dangerously High Values, Leverage Flush Coming?

As you can see in the graph, Bitcoin seems to have lagged behind the rest of the indexes, with the crypto dipping 3% into losses since the start of the year.

The mid-cap altcoins have performed the best so far, managing profits of around 8% since the start of January. Their success is thanks to the great performance of layer-1 tokens like Cosmos.

The large and small-cap indexes are also in the green, amassing 3% and 4% gains, respectively, since the new year.

Related Reading | Interview With Aleph Zero On The MEV Problem That Could Cost Ethereum Users $1 Trillion In Losses

A consequence of Bitcoin’s underperformance has been that the cryptocurrency’s dominance has been dropping recently.

The below table shows how the market share of the top coins has changed in the past week.

Bitcoin Market Share

USDT seems to have gained the most market share in the last seven days | Source: The Arcane Research Weekly Update - Week 52

Bitcoin’s market share is now around 39.5%, which is the lowest it has been in almost three years. It now remains to be seen whether the crypto’s underperformance will come to an end soon, or if 2022 is going to be like 2021 all over again, with altcoins thriving.

BTC Price

At the time of writing, Bitcoin’s price floats around $46.2k, down 3% in the last seven days. Over the past month, the crypto has lost 6% in value.

Here is a chart that shows the trend in the price of the crypto in the last five days:

Bitcoin Price Chart

BTC's sideways movement seems to have carried on into 2022 | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
Tags: altcoinsbitcoinbtcbtcusd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Hououin Kyouma

Hououin Kyouma

Loves to write, enthusiastic about cryptocurrency. Currently studying Physics at university.

Related Posts

U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors

U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors

21 hours ago
Bitcoin U.S. institutional investors

U.S. Institutions Are Driving Bitcoin Prices, Matrixport Research

1 day ago
Bitcoin

Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?

2 days ago
Bitcoin Investors Turn Greedy For First Time Since March 2022

Bitcoin Investors Turn Greedy For First Time Since March 2022

2 days ago
Bitcoin Supply In Loss

Bitcoin Supply In Loss Hits A 9-Month Low

2 days ago
Bitcoin Retracement

Bitcoin Hash Rate Registers New Highs, A Selloff Imminent?

2 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
Metaspins

Metaspins

Review · Visit
Coinplay

Coinplay

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Fantom (FTM) founder makes announcement as they complete 100% rally, Solana (SOL) development updates & Why investors are flocking to Snowfall Protocol (SNW)

January 29, 2023

Dogecoin (DOGE) and Axie Infinity (AXS) Don’t Offer The Same 1000x Potential As Snowfall Protocol (SNW) According To Market Analysts

January 29, 2023

Crypto Market News Live: Aptos Soars Another 60% This Week in A Continued Price Rally, PancakeSwap Burns $100m Worth Of CAKE, Snowfall Set to Moon After Exceptionally Successful Presale Campaign

January 29, 2023

BudBlockz’s 220% Growth Puts It Ahead of Dogelon Mars and Floki Inu

January 28, 2023

MATIC Gains Over 20% As Polygon Network Records Biggest Whale Transaction Of 2023

January 28, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.