First time in over a year, Ethereum spot trading volume is greater than Bitcoin’s, reported CryptoQuant on Wednesday. Last week, ETH spot trading hit $25.7 billion compared to $24.4 billion for Bitcoin, it added, noting that this pushed the ETH/BTC spot volume ratio above 1 for the first time since June 2024. “Investors are rotating […]
Altcoins are largely in retreat mode again today while Bitcoin holds steady around $109,000, and their lackluster performance has not gone amiss among traders and analysts. Crypto YouTuber Lark Davis was among those who observed that “don’t really do anything” while Bitcoin hits a peak, retreats, and recovers. “That’s the state of the crypto market […]
Total market capitalization topped $3 trillion for the first time since early March as altcoins followed their big brother Bitcoin in recovery. It is the first time total cap has been over $3 trillion since March 7, and could be a sign of a sustained recovery as more than $500 billion has entered the market […]
Gary Gensler has once again voiced concern over the crypto industry, stating that most digital assets are driven almost entirely by market sentiment rather than solid fundamentals. In a recent appearance on CNBC’s Squawk Box, the former Securities and Exchange Commission (SEC) chair warned that this makes many altcoins vulnerable to sudden collapse. BTC’s Long-Term […]
Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on Feb. 3, but that appears to be an isolated wick, whereas recent increases have been more sustained, according to Tradingview. Moreover, BTC market share […]
On March 2, US President Donald Trump announced a US crypto reserve that he claimed would “elevate this critical industry after years of corrupt attacks by the Biden administration.” He added that it would “obviously” contain Bitcoin and Ethereum but also mentioned XRP, SOL, and ADA, sending those tokens skyrocketing in the hours that followed. […]
Crypto markets are down again today, with total capitalization having lost around 3% over the past 24 hours in a fall to $3.24 trillion. As usual, the brunt of the losses is from altcoins, which have continued to bleed for most of this month. Nevertheless, February has usually been a pivotal period for altcoins and […]
Crypto market capitalization has tanked around 12% over the past 24 hours, falling to around $3.1 trillion at the time of writing. It is the lowest level markets have seen this year, wiping out more than $400 billion in less than a day as the sell-off accelerated during the Monday morning Asian trading session, sending […]
Crypto markets are down a further 2.7% on the day, with total capitalization falling to $3.6 trillion, and altcoins are taking the brunt of the fall. “Capital is unlikely to rotate from BTC to alts because the majority of CT [crypto Twitter] is self-confessed to be mostly in altcoins,” observed trader ‘TXMC’ on Jan. 29. […]
Bitcoin prices have slumped back into five-figure territory, with the asset hitting an intraday low of $95,164 during early trading in Asia on Wednesday following a fall of almost 6% in 12 hours, according to CoinGecko. On Tuesday, Jan. 7, the asset topped $102,000 after gaining 10% over the past week. However, most of those […]