The last two times bitcoin prices made new all-time highs, total crypto market capitalization was around $3 trillion. On Nov. 10, 2021, the metric topped $3 trillion when BTC hit its cycle peak of $69,000. Total capitalization also neared the $3 trillion mark in March this year when the asset made its all-time high of $73,738....Read More
Crypto market analysts have been scouring the charts looking for signals of an altcoin breakout. However, they have yet to make a big move and usually follow in the wake of a Bitcoin surge. On Sept. 24, Glassnode co-founder ‘Negentropic’ observed the Bitcoin/altcoin cycle noting that alts have followed the bullish momentum of BTC. “It...Read More
On Aug. 27, on-chain analytics provider Santiment reported that Bitcoin’s recent “mild” price drop was enough to cause a larger decline in total open interest on exchanges. However, OI for Ethereum and Solana has barely declined, it added. Open interest is a measure of the number or value of crypto derivatives contracts that have yet...Read More
Altcoins have made more progress than the high-cap crypto assets over the past few days as markets show further signs of recovery. This has led to renewed calls for altseason from industry analysts and observers. However, they may be a little premature as the big boys usually peak first. When Altseason? On Aug. 26, technical...Read More
While bitcoin remains in consolidation, around 10% away from its all-time high, the altcoins are crashing and wiping out most of the gains made in the March crypto market rally. Calls for altseason have diminished, and the overall crypto market and social sentiment are low. There are a few factors that contribute to this altcoin...Read More
Crypto markets have declined more than 5% over the past seven days as $150 billion has left the space, primarily from low-cap digital assets. However, this altcoin decline has been going on for months, according to the chief analyst at Real Vision, Jamie Coutts. “Smaller cap crypto assets have been taking it on the chin...Read More
In the last market cycle, altcoin and Bitcoin pairs capitulated in June 2019, just before the United States Federal Reserve cut interest rates. The chart pattern for this cycle is identical, and if history rhymes, a similar final flush out of altcoins may be imminent before this month’s Fed rate decision on June 12. However,...Read More
Bitcoin’s dominance has increased to 52% on some sources after the asset attempted to surpass the $71,000 level but failed, currently just under $70,000 as of Thursday (March 28th). Altcoins have experienced greater retracement, which is evident by the increasing BTC dominance. As CryptoPotato reported, Ethereum (ETH) and other leading altcoins have retraced significantly, taking...Read More
CEO and co-founder of Real Vision Group and Global Macro Investor Raoul Pal said macro and crypto summer has already started in a post on X on March 25. The prediction is part of his ‘Everything Code’ thesis that explains market movements due to macroeconomic influences. It is all driven by liquidity, which bottomed at...Read More
The alternative cryptocurrency (altcoin) sector is still reveling in its resurgence due to persistent investor interest in such digital assets amid Bitcoin’s (BTC) rally to a new all-time high of $72,000. Analysts at the crypto exchange Bitfinex revealed in the latest weekly report that investor interest in altcoins is diversifying to meme coins and artificial...Read More
Altcoins are moving slowly, but Bitcoin is powering ahead as the largest digital asset came just below $64,000 on Feb. 28. It has retreated slightly today, but the 25-month high has taken BTC to within 11% of its peak price of $69,000 in November 2021. The same cannot be said for the majority of the...Read More
The crypto market may be at the onset of an altcoin season, say analysts at crypto exchange Bitfinex, due to Ether’s (ETH) latest performance. According to this week’s Bitfinex Alpha report, the resurgence in ETH’s value is rekindling investor interest in the broader altcoin market, indicating a shift in focus from Bitcoin (BTC) to other...Read More
In addition to its price hitting a 19-month high, Bitcoin dominance also hit local highs, topping 54%. However, a minor retreat in the metric and a potential BTC correction could be good news for altcoins. On Dec. 4, crypto trader Jacob Canfield commented on the dominance decline and potential for altcoin moves. “I’m liking this...Read More
Arthur Hayes – co-founder of BitMEX – believes the altcoin season (a time frame during which the alternative coins outperform Bitcoin and reduce its dominance in the crypto market) is already here. Assets like Ether (ETH), Arbitrum (ARB), and Dogecoin (DOGE) have marked substantial gains in the past 24 hours, whereas BTC has been relatively...Read More
This week we saw altcoins taking for the skies as Bitcoin was rangebound. This led to a plummeting BTC dominance that hit a 2-year low. Bitcoin was trading slightly below $60K this time last week, and everyone had their hopes up that it would conquer this coveted level. Unfortunately, last Saturday, the price started showing...Read More
In its latest ‘State of the Network’ bulletin, industry data provider Coin Metrics has delved into altcoins and their impressive performance so far this year. It acknowledged that many of the hot altcoins that surged during the 2017 crypto boom are now ‘dead and gone’, and have been replaced by a new breed of DeFi...Read More
Bitcoin has been surging in the past few weeks to consecutive yearly highs. Speculations emerged within the community if or when BTC will even surpass its 2017 ATH of nearly $20,000. At the same time, though, most alternative coins seemed to be dragging behind their leader. Bitcoin’s dominance highlights this – a metric that surged...Read More
It’s safe to say that Bitcoin’s dull days are behind the asset as it continued its bullish run to reach $11,000. Despite gaining against the dollar, most altcoins are trailing compared to Bitcoin, questioning the state of the altseason. Bitcoin Goes Into Uncharted 2020 Territory After finally breaking above $10,000, the question remained if BTC...Read More
Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market. In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now. CZ Suggests An Altcoin Season During the past several weeks, the altcoin market has boomed...Read More
The lack of substantial price movements from Bitcoin during the past 24 hours, while simultaneously altcoins and, DeFi tokens, in particular, rise, means that BTC’s dominance over the market continues to decline to its yearly low. Altcoins And DeFi On The Rise The altcoin market indicates several impressive gainers throughout the past 24 hours. Above...Read More
Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday. BTC/USD, Bitstamp. Source: TradingView The move has kept...Read More
Binance Futures traders held more open positions in June compared to May, even though trading volumes declined month-on-month. Open interest on Binance Futures rose 180% in June compared to May, from 220 million USDT to 580 million USDT. Binance concluded that this might anticipate an increase in Bitcoin volatility. Traders Held More Open Positions in...Read More
Following days of stagnant price actions, Bitcoin finally made a move and tested the $9,500 level where it got rejected. At the same time, most alternative coins are still in the green after yesterday’s impressive gains, hinting that an altcoin season may be in the making. BTC Tests $9,500 As CryptoPotato reported previously, the primary...Read More
Decentralized finance tokens have outperformed their crypto brethren over the past month, with some hitting two-year highs. As the nascent industry keeps growing, which ones will be next? DeFi has been the darling of the crypto industry over the past month, doubling in total value locked (TVL) in just a few weeks. A new all-time...Read More
Bitcoin surged above $10,000 for the first time since February, and it took the entire market with it. Altcoins are all flashing in green, as the total capitalization increased by more than $13 billion overnight. Now, a popular cryptocurrency trader pointed out that the chart of the total market cap went through the same pattern...Read More
After last week’s surge to nearly $9,200 and the following retracement, Bitcoin has been trading mostly in a range between $8,500 and $8,750. Yesterday, it noted a quick dip to $8,480 on Bitstamp and immediately surged back to over $8,700, which is where it currently stands. If Bitcoin’s bullish 2020 price movements are to continue,...Read More
Last week was nothing but volatile for Bitcoin and the entire cryptocurrency market. Fortunately, the volatility did well. Seven days ago, Bitcoin was trading at around $7,950, while today, the cryptocurrency stands at almost $8,900. This marks an increase upwards of 13% for the past seven days. It’s worth noting, however, that this time altcoins...Read More
