This was a rather positive week for the crypto complex, with Bitcoin looking poised to break higher.

At the same time, crypto stocks seem to be front running a Bitcoin breakout, particularly as merger activity in the mining sector has buoyed the price of these stocks.

Last week saw short-term weakness manifest in crypto markets. For the time being, I still have a neutral short-term bias in the context of a longer-term bullish outlook.

I'm surprised.

While virtually every crypto asset is displaying weakness over short timeframes, OM is an exception.

Every week, we create a Power Rankings table that lists the market-cap rank of the top 20 cryptocurrencies. This allows us to see the winners and losers as they climb the market-cap ladder.