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
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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.
While the mid cap index has also mimicked the moves made by BTC, its strength has been much more as its returns for the month are at just 2% in the red.
The mid cap index has outperformed the rest of the market thanks to the strength of UNI and MATIC, two cryptos that account for about 20% of the total index.
The below table shows the percentage of the total market cap that the top coins occupy right now.
BTC’s share of the market cap has taken a hit of 0.76% over the past week | Source: The Arcane Research Weekly Update – Week 2
Ethereum’s dominance has also dropped in the past week, while smaller altcoins have enjoyed a larger percentage of the market cap.
The below chart shows the trend in the price of BTC over the last five days.