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 […]
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