Crypto Market Sees Gains, But Bitcoin Loses Momentum

The cryptocurrency market continues to show a constructive short-term outlook, with most major digital assets posting gains over the past week. However, it's becoming increasingly evident that Bitcoin is losing some momentum, and its pace of advance has begun to moderate compared to previous weeks.

Litecoin stands out as the strongest-performing cryptocurrency in both the short term and medium term, gaining more than 29% and 64%, respectively, over the past week and ten weeks. Ethereum's performance is relatively more moderate, with a gain of approximately 2%

The market's correlation with Bitcoin remains strong, with average correlation coefficients above 0.8 among major cryptocurrencies. However, this synchronization also means that any deterioration in confidence surrounding Bitcoin could quickly spread to the rest of the market.