Although Bitcoin has had a stellar year thus far, 2019 has not been a strong year for the altcoin market. Only two out of the thousands of altcoins on the crypto market were able to outperform Bitcoin over the first half of the year. However, one of those top performers is in trouble of retracing…
A widely-followed Bitcoin and crypto asset market analysis Twitter account has been conducting a poll over the last few months. DonAlt asks followers “How much of your portfolio is in altcoins?” Sentiment appears to have changed about the altcoin market on the social media platform in tandem with rising levels of Bitcoin dominance. Bitcoin now…
The altcoin market is currently in crisis mode, with most of the various individual crypto assets outside of Bitcoin reaching new yearly lows, and in general, bleeding out all remaining value generated during the 2017 crypto hype bubble. Crypto investors are capitulating, but many are still hopeful that one day the altcoins they hold will…
The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices. However, career trader Peter Brandt says that the fate of…
This week, the “altcoin annihilation” really ramped up, despite already causing such devastation to crypto investors. The selling pressure and negative sentiment were enough to also drag Bitcoin price down as well. While altcoins are free-falling, one crypto analyst says that although altcoins are currently causing “turbulence” for Bitcoin, it will resume “moon mode” as…
Recently, the crypto market fear and greed index hit its lowest point in history, despite Bitcoin price trading above $10,000 and at that point had yet to break down. The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate. While even altcoins…
In a pattern that has been rinsed and repeated countless times this year, crypto markets are crumbling as Bitcoin failed to hold support. The altcoins are still hopelessly tied to their big brother so any pain for it is magnified for them. Over $20 Billion Exits Crypto Space Over the past 24 hours crypto markets…
Yikes. Bitcoin (BTC) hasn’t been doing too well as of late. But altcoins, unfortunately, have been doing worse. Related Reading: Bitcoin Plunge Through $9,600 Liquidates $144 Million in BitMEX Longs On Wednesday morning, the victors of the latest tug-of-war between bulls and bears were decided. Within a few minutes’ time, the Bitcoin price shed some…
As the altcoin market continues to bleed out and sentiment around Bitcoin’s crypto cousins reaches a point of extreme despair, the question about their long-term value has come up often in recent days. It’s caused even the CEO of the company behind a major altcoin to admit that the asset class has failed to deliver…
Bitcoin and altcoins are forming a strange correlation as of late, according to data provided by market analyst Ceteris Paribus. The noted cryptocurrency trader found that leading altcoins plunged massively every time bitcoin tested or hinted to check the $10,000 level. Between June and August 21, bitcoin closed above the $10,000 mark four times. And…