Altcoins — crypto assets that are not Bitcoin — have done extremely well over the past four weeks.Per data from TradingView.com, after reaching 68%, Bitcoin dominance — the percentage of the crypto market that consists of BTC — has fallen to 64%. It’s a 4% drop that amounts to billions in this multi-billion-dollar asset class.Chart…
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…
Aside from Bitcoin, the most talked-about cryptocurrency over the past few weeks has seemingly been Tether.The fourth-largest cryptocurrency by market capitalization, the stablecoin, which trades on markets as USDT, has become increasingly important to the crypto market. So much so that just the other day, data shared by Unfolded suggested that Tether’s market capitalization hit…
After managing to retake $7,200 on the weekend, Bitcoin tumbled lower on Monday morning, falling as low as $6,800 in a move that liquidated $40 million worth of BitMEX long positions. With this, the cryptocurrency had tumbled 7% from the weekend highs and 9% from the $7,470 highs seen two weeks back.This was a move that…
From the peak in February, XRP has fallen off by just under 50%, crushed under the pressure of a bear market across many asset classes. But, according to a number of leading cryptocurrency analysts, the third-largest cryptocurrency by market capitalization is on the verge of mounting an impressive comeback.XRP Is Readying to RallyAnalyst LomahCrypto recently…
Another week, another round of Crypto Tidbits. After falling as low as $6,500 this week, Bitcoin mounted a strong comeback over the past two days, rallying as high as $7,200 as bulls have taken over. Other cryptocurrencies have registered even more impressive gains.This renewed strength comes as the stock market has continued to rally higher and…
In the wake of “Black Thursday,” it seemed clear to some that Bitcoin was dead: hundreds of millions of dollars worth of BitMEX positions were liquidated, the crypto’s market liquidity dried up (accentuated by the 50% drop in a day), and Crypto Twitter briefly became a ghost town.But, as I recently cataloged in a Twitter…
If you’ve been on Crypto Twitter at all over the past few months, you’ve likely noticed multiple tweets like the one seen below; stablecoin companies, from Tether to Circle and Paxos, are issuing tens of millions of dollars worth of these digital assets day after day.💵 💵 10,000,000 #USDC (10,000,000 USD) minted at USDC TreasuryTx:…
Over the past few weeks, Bitcoin has performed surprisingly well, rallying as high as $7,100 (on Bitstamp) just days ago, surging higher from the $3,800 bottom seen during the March 12th to 13th capitulation. Even though the bull trend has been exhausted, BTC continues to trade at $6,600, consolidating in the mid-$6,000s as it determines…
The Thursday before last were arguably some of Bitcoin’s worst days ever; the crypto asset saw a 40% loss, which was the second-largest percentage collapse in BTC value in a day, second only to the Mt. Gox meltdown. At the drop’s worst, the cryptocurrency was down 50% in a single 24-hour period, falling from $7,700 to…