Many altcoins aren’t just down in BTC terms: they’re dying a slow death by 1,000 red wicks.
While BTC has been on fire, altcoins have been withering and dying, with lower lows, lower trade volume, and little by way of hope for their increasingly desperate bagholders.
The weekly charts, in which gains and losses can be easily distorted by singular events, do not prevent a true picture of the state of altcoins right now.
None of them, it seems, are interested in altcoins however, despite the fact that many are trading at a 5x discount.
Do you think altcoins such as ripple and iota will ever surpass their ATH when the crypto market recovers?
It’s been an explosive past few weeks for altcoins but not for Bitcoin. As the leading cryptocurrency has stalled in the $8,000s and $9,000s as BTC investors have found themselves at an impasse, certain altcoins have ripped higher.
While the Bitcoin price has been range trading over the past week, numerous altcoins have begun to pump. This is suggestive that due to the lack of volatility in BTC, investors and speculators are taking positions in altcoins, which have been moving at a considerably faster rate.
The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time.
After months of weak performance for the crypto headliner, the trend seems to have reversed, prompting previous believers in altcoins sell them for BTC.
Anyone unacquainted with the cryptocurrency market might assume, casually reading the price of bitcoin in their morning paper, that the past seven days have been good for investors. BTC is up 18% in a week and is now hovering around the $7,400 mark.
It was to be expected this weekend would be relatively interesting for all cryptocurrency markets. Even though the momentum is not overly positive, there is no outspoken bearish trend either. With Bitcoin losing a bit of ground, it seems most altcoins are keeping losses to a minimum. The Ethereum price may very well be the […]
July 20: Bitcoin (BTC) has split off from other top cryptocurrencies and shows markedly more resilience in holding on to gains secured in the major upswing that kicked off earlier this week. Market visualization from Coin360 As Coin360 data shows, the top coin is an island of green, while most major alts are struggling to
Bitcoin (BTC) has split off from other top cryptos and shows more resilience in holding on to gains won in the major upswing that kicked off earlier this week
Yesterday was a very interesting day for all cryptocurrency markets. Bitcoin and altcoins gained a lot of value in quick succession. As is always the case, maintaining this form of momentum will be pretty challenging.
CryptoMillionsLotto will be a driving force in creating a new and vast market, dramatically expanding the cryptocurrency universe by driving mass adoption to cryptocurrency use. CryptoMillionsLotto will be truly global and will use cryptocurrency and blockchain to create a borderless and fully-transparent lotto experience.
Coinbase continues to grow with their new high-end investment product Coinbase Custody, while Binance had to run a system update following some issues with its Syscoin wallet API.
This week BTC has recovered nearly 13% and a few altcoins attempting to follow, while a few others surpassed BTC, but will any be able to hold on to their gains. Market Overview As usual, bitcoin commands the room, hogging all the attention and taking credit for running, or as of late, ruining the cryptocurrency market.
The BTC dominance rate is an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency. So, a rising dominance rate essentially means the demand for bitcoin is greater than the demand for altcoins.
Christopher Matta, the Co-founder of Crescent Crypto Asset Management, and former Vice President at Goldman Sachs Investment Management Division, claimed in his debut on CNBC’s Fast Money that it is safer to hold a variety of altcoins rather than Bitcoin since this diversity would offer better risk-adjusted returns. The Crypto 20 Private Index Fund is […]
It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin.
It’s rare we see uniform appreciation of altcoins prices. Could BitFinex and the rest involved in another “coordinated BTC pump” and helping alt coins recover? Well, maybe, we don’t have data but we should draw some nuggets from recent Amin Shams research paper done by the University of Texas-Austin.
Popular cryptocurrency exchange platform Binance has announced the addition of Siacoin (SC) to its catalog of supported altcoins. The platform announced the token listing via a post on its website on June 14, 2018.
FOMO Moments The bears have full control and crypto markets are sliding further again today. With almost $20 billion shaved off in 24 hours things are looking grim in crypto land. Bitcoin is falling dangerously close to $6,000 and altcoins are getting punished as usual.
Key takeaways $DOGIZ is set to launch on Sui Network’s leading DEX following a successful presale. The team raised over $4. 5 million from investors, with its token now set to be available to users.
Key takeaways Major exchanges are planning to list the $TRUMP token following its phenomenal debut. iDEGEN’s presale has surpassed $17 million as the listing date draws closer. Binance and Coinbase to list $TRUMP token $TRUMP, the official memecoin of the 47th United States president, will be listed on most major crypto exchanges.
As the countdown to Bitcoin MENA 2024 continues, the Middle East’s premier Bitcoin event promises groundbreaking discussions and unmatched networking opportunities this December in Abu Dhabi.
Spot Ethereum ETFs saw $333 million in inflows on Friday, November 29th, which shows institutional interest in the second-largest cryptocurrency. Experts attribute this renewed interest to expectations for clearer crypto regulations in the US and a positive outlook on DeFi.
Apecoin surged 70% on Sunday as Yuga Labs launched the Apechain mainnet and implemented staking rewards. The Apechain, a layer-3 network built on Arbitrum, will power the Yuga Lab’s metaverse, Otherside.
The Bitcoin Conference will take place in Abu Dhabi on 9th and 10th December The conference will take place at the ADNEC Center in Abu Dhabi, and will together top Bitcoin innovators and government officials to shape the future of finance in the region Businesses in the region are being urged to seize the “New […]
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Dubai, October 11, 2024: Web3 and AI consulting giant VAP Group is pleased to announce the second edition of the Global AI Show, taking place on December 12 and 13, 2024 at the Grand Hyatt Exhibition Centre, Dubai.