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…
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…
The aggregated crypto market saw a notable upswing today that was first sparked when Bitcoin rallied from the lower-$7,000 region to highs of $7,800, leading Tezos and other altcoins to surge higher.This movement marked a bullish resolution to an extended bout of consolidation seen by the market when the benchmark cryptocurrency formed a relatively wide…
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…
Throughout the past several weeks and months Tezos has been one of the best performing cryptos, with its massive rise only being rivaled by that seen by Chainlink.This strength has led the crypto to essentially “defy gravity” – seeing an uptrend so strong that bears haven’t been able to make any successful attempts to thwart…
After a short bout of bearishness that led Ethereum to retrace nearly all of the gains that were incurred as the result of its recent rally, the cryptocurrency has now been able to post a notable technical breakout.This breakout appears to be catalyzing significant momentum for the cryptocurrency and has even allowed it to lead…
Bitcoin‘s halving is less than three weeks away, and the anticipation of the massive price increase that is widely expected throughout the crypto market has potentially led to a sharp increase in the number of whales accumulating the first-ever cryptocurrency.In fact, the number of Bitcoin whales just reached the highest number since December 2017, just…
The market capitalization of Tether (USDT) surpassed that of XRP this week.The dollar-pegged stablecoin is now the third-largest cryptocurrency. Macro factors led the demand for USDT higher, including traders’ flight-to-cash amidst the fast-spreading novel Coronavirus pandemic.Tether has replaced XRP, the native token of the San Francisco-based blockchain payment firm Ripple Labs, to become the third-largest cryptocurrency…