Being the biggest cryptocurrency by market cap with a substantial different, BTC led the pack after Donald Trump won the US elections by skyrocketing from $68,000 to over $90,000 within weeks. This was somewhat expected, given Trump’s pro-bitcoin stance during his campaign as he appeared at the annual BTC conference in the States and even […]
Despite bitcoin’s price turmoil over the past week, Ki Young Ju, the founder and CEO of the market analytics platform CryptoQuant, believes the leading digital asset’s dominance is less likely to decline soon. Historical data shows that alternative cryptocurrencies (altcoins) have always rallied when BTC retraces and seen a decline in market dominance during bull […]
Bitcoin’s price was still up by 9% compared to its valuation a week ago. But that’s a far cry from its green 17% weekly candle on Nov. 10, just five days after the US elections. The election of a crypto-friendly cabal of Republican politicians with war chests full of blockchain money gave the market a […]
The last two times bitcoin prices made new all-time highs, total crypto market capitalization was around $3 trillion. On Nov. 10, 2021, the metric topped $3 trillion when BTC hit its cycle peak of $69,000. Total capitalization also neared the $3 trillion mark in March this year when the asset made its all-time high of $73,738. […]
On Oct. 8, the on-chain analytics provider highlighted several crypto projects and altcoins that have seen major boosts in whale transactions in the past week compared to the previous week’s activity. It added that coins that have been dropping in value that suddenly see massive whale spikes “are prime candidates for upcoming bounces.” Cronos (CRO) […]
Crypto market analysts have been scouring the charts looking for signals of an altcoin breakout. However, they have yet to make a big move and usually follow in the wake of a Bitcoin surge. On Sept. 24, Glassnode co-founder ‘Negentropic’ observed the Bitcoin/altcoin cycle noting that alts have followed the bullish momentum of BTC. “It […]
On Aug. 27, on-chain analytics provider Santiment reported that Bitcoin’s recent “mild” price drop was enough to cause a larger decline in total open interest on exchanges. However, OI for Ethereum and Solana has barely declined, it added. Open interest is a measure of the number or value of crypto derivatives contracts that have yet […]
While bitcoin remains in consolidation, around 10% away from its all-time high, the altcoins are crashing and wiping out most of the gains made in the March crypto market rally. Calls for altseason have diminished, and the overall crypto market and social sentiment are low. There are a few factors that contribute to this altcoin […]
In the last market cycle, altcoin and Bitcoin pairs capitulated in June 2019, just before the United States Federal Reserve cut interest rates. The chart pattern for this cycle is identical, and if history rhymes, a similar final flush out of altcoins may be imminent before this month’s Fed rate decision on June 12. However, […]
Bitcoin’s dominance has increased to 52% on some sources after the asset attempted to surpass the $71,000 level but failed, currently just under $70,000 as of Thursday (March 28th). Altcoins have experienced greater retracement, which is evident by the increasing BTC dominance. As CryptoPotato reported, Ethereum (ETH) and other leading altcoins have retraced significantly, taking […]