Bitcoin (BTC), NEO, BSV, BCH, LINK By Cointelegraph


© Reuters. Top-5 Cryptos This Week: Bitcoin (BTC), NEO, BSV, BCH, LINK

Though fundamentals play a large part in determining the price of an asset, short-term movements of the markets are driven by sentiment. This was clearly visible during the week.

A few events soured sentiment early in the week, which dragged the total market capitalization of the crypto space down to $202 billion. When the markets are in a corrective phase, traders can become bearish even on events that do not have a material impact on the short-term.

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