Bitcoin’s market dominance is trending downwards since September 2019.The crypto’s top rivals have posted better year-to-date returns after Coronavirus-induced sell-off in March 2020.Top analysts have called for an altcoin season to begin this Q2.The Bitcoin Dominance Rate, a ticker that tracks bitcoin’s market share against rivaling crypto tokens, has fallen from 73.02 percent to 64.66…
If you told an early Bitcoin adopter ten years ago that the cryptocurrency would one day hit $1 million, they would’ve laughed. Ten years ago, a single coin traded for less than $1.00; at times, it traded for a price well under a cent.But times have changed. Now, instead of getting laughed at, those predicting…
Bitcoin is up more than 5% and it broke the key $7,500 resistance against the US Dollar. BTC is now approaching a major hurdle near $8,000 and the 100-day simple moving average.Bitcoin is gaining bullish momentum above $7,000 and $7,200 against the US Dollar.The price is likely to face a strong resistance near $8,000 and…
Cryptocurrency investors were quite disturbed to see Bitcoin trade as a firmly risk-on asset when it closely mirrored the weakness seen by the traditional markets as investors began to understand the depth of the Coronavirus pandemic’s implications.Bitcoin’s weakness reached a boiling point in early-March, when the poor performance seen by the S&P 500 and other…
The entire crypto market saw a notable upswing today that was driven by Bitcoin’s sharp movement up to highs of $7,800 earlier this morning. This has led most major altcoins to push higher, with the aggregated market’s strength continuing to grow.In the time following this movement, Bitcoin’s price has settled back below $7500 – a…
Bitcoin price just exploded, setting a new higher high following last month’s plummet to below $4,000. Is this the start of a new bull market as the halving looms closer?Weekly candlesticks suggest that an explosive impulse upward is likely to occur, potentially making for the perfect pre-halving set up for a massive rally.Bitcoin Price Weekly…
The altcoin known as Stellar, or XLM, has stood strongly alongside XRP as two of the worst-performing cryptocurrency assets of the last few years.But the asset’s woes could soon be turning around after a significant rally aginst Bitcoin took place right under investors noses. Is this another sucker’s rally, or is Stellar about to finally…
In the past 20 minutes, Bitcoin has rocketed higher. After trading around $7,000 for most of Wednesday, the cryptocurrency started to rally, hitting a local high of $7,770 just minutes ago — 9% higher than the weekly open and a more impressive 14% higher than the weekly low.This was a move that surprised crypto investors…
Bitcoin is up close to 4% and it broke the key $7,000 resistance zone against the US Dollar. BTC price is likely to surge towards $8,000 if it clears the $7,280-$7,300 resistance zone.Bitcoin remained well bid and it started a fresh increase above $7,000 against the US Dollar.The bears failed to push the price below…
After attempting to break above the resistance that was faced earlier today around $7,000, Bitcoin has been able to once again recapture its position within this region, as the crypto is now moving to target its imminent resistance levels.This latest upswing may prove to be more than just a fleeting attempt by bulls to bolster…