The altcoin season has remained elusive because Bitcoin has continued to dominate the market. Even now, the largest cryptocurrency by market cap is still in the lead and continues to determine the direction of the rest of the crypto market. However, there is a turn in the tide coming as more altcoins begin to play…
Even if the cryptocurrency industry crashed in 2022, Bitcoin’s status as the “alpha coin” has remained remarkably stable. With a market capitalization of over $398 billion and a trading volume of $24,180,295, Bitcoin’s dominance in the last 24 hours has increased by 43%. According to market watchers, the BTC bull market officially began in 2023…
Two separate charts taking a top-down view across the wider crypto market may provide clues as to where the altcoin asset class is headed.Each chart shows that altcoins are at potentially their most critical moment yet, and are facing the most important weekly close yet at the end of this week.Altcoins Start 2020 Strong, But…
Bitcoin price was rejected from above $55,000 and is now back to sinking lower. Meanwhile, altcoins like Ethereum continue to climb complete unaffected by the leading cryptocurrency by market cap. The recent divergence between the top dog and the rest of altcoins, has resulted in Bitcoin dominance taking a nosedive to levels not seen since…
A bearish chart formation has appeared on Bitcoin dominance that could lead to another leg down and rebound in altcoin/BTC pairs. However, the 58% level could remain a barrier, keeping a full-blown altcoin season from occurring for quite some time longer.Bitcoin Dominance Forms Bear Flag, Hanging By A Thread On Channel SupportBTC dominance is a…
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Over the last several years of crypto bear market, Bitcoin has vastly outperformed altcoins of all types. However, now that the first half of the year is in the books, data shows that alts have shined compared to Bitcoin in 2020.In fact, small-cap altcoins alone have grown by five times as much as BTCUSD over…
Even if the cryptocurrency industry crashed in 2022, Bitcoin’s status as the “alpha coin” has remained remarkably stable. With a market capitalization of over $398 billion and a trading volume of $24,180,295, Bitcoin’s dominance in the last 24 hours has increased by 43%. According to market watchers, the BTC bull market officially began in 2023…
BTC dominance – a metric that weighs the entire Bitcoin market cap against other crypto assets – has been falling in recent weeks, giving many small-cap altcoins a chance in the limelight.The short-lived altcoin season could come to an abrupt end, however, according to a highly reliable indicator.BTC Dominance To Grow, Putting Sudden End To…
Bitcoin smashing through $12,000 gave the cryptocurrency enough momentum and energy to take out $13,000 and revisit last year’s highs. But while it did so, it caused altcoins like Ethereum, Chainlink, and dozens more to bleed out relative to BTC. It has left alts in a precarious position, potentially about to be left for dead…