Weiss Crypto Ratings Upgrades Bitcoin Grade To A General B+

The ever-expanding Bitcoin community has a reason to be optimistic of the short term and the long term future of the Digital Token after Weiss Rating upgraded the score of Bitcoin to a healthy B+.

The news comes amid the sluggish BTC/USD pair that has lost over 7% in the last 24 hours and is hanging by a thread above the $10,000.00 psychological level of resistance.

Further, the BTC/USD pair is also more volatile as the sharp gains are usually followed by a sharp bear runs that last for hours or even days. However, amid the market instability, Bitcoin’s week-over-week gains in the last several months have been mostly indicating an increasingly bullish cycle.

Bitcoin Was Rated At B

Weiss Crypto Ratings show that Bitcoin was previously rated at B. This was period that was characterized by the prolonged bearish cycle that saw Bitcoin lose ground by falling from a peak of $20,089 on December 17th, 2017 to the current $10, 498 on July 2, 19:44 UTC and as per Coinmarketcap chart.

Bitcoin’s Liquidity Is Bullish

Some of the factors that Weiss Rating consider in the grading system is surging activities as shown on the rising trading volumes on the BTC/USD pair. According to Coinmarketcap, the volume had skyrocketed to $40,519,929,935 as at the end of May 2019 indicating that investors are increasingly spending money to purchase Bitcoin.

Therefore, the high volume level shows that the Bitcoin market is widening and liquidity is also improving at a tremendous pace.

Grade Computation Scopes

The score from Weiss Ratings is computed from different scopes. The first scope of Bitcoin rating is the field of technology where the Digital Token has scored an A due to the fact that BTC is based on the unique Bitcoin Blockchain that is decentralized, secure, private, and open source.

Secondly, Bitcoin also scores an A for adoption due to the surging volume of BTC/USD trade that has retracted at $30,871,781,661 in the last 24 hours.

BTC

Risks/Rewards Ratio Has Downgraded The Weiss Crypto Ratings

The third scope is the risk/reward ratio that Weiss Ratings has awarded a C+. This section as downgraded Bitcoin to B+ and the determinants of the score are based on the volatility of Bitcoin.

For instance, on the last week of June 2019, BTC spiked above $13,800, but a retraction has ensued in the first week of July and BTC/USD is barely stable at $10,500 amid strong bullish sentiments in the long run.

This volatility is affecting the Return on Investment (RoI) of Bitcoin which currently stands at 7,657.07% for buyers who initially acquired the BTC Token in its early days. However, for short term buyers, although the return is more than 100%, the probability of a bearish plunge is still high as the Crypto market is yet to mature.

Altcoins Are Graded At B

On the other hand, most Altcoins such as Litecoin (LTC), Cardano (ADA) and EOS are rated at B. Some of the factors hampering the steady growth of the ratings include high risk and low rewards, slow rates of adoption, and bearish sentiments.

11 thoughts on “Weiss Crypto Ratings Upgrades Bitcoin Grade To A General B+

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