Tag: altseason

Bitcoin dominance has been on a continuous decline over the past month falling to a new low of 48.42% today from a 72% dominance at the start of the year. A declining...

It happens every cycle. During a bull run, Bitcoin reaches some kind of temporal stability and traders get bored. And if a sharp drop in prices mixes with that, traders run out of the building through the window. It’s human nature. It's Altseason. The grass is always greener on the other side. Related Reading |...

Grayscale Investments announcement on Feb 26 about exploration of different altcoin investments products will likely ignite an astronomical rally and result in a proper altseason, multiple analysts are claiming....

Just three months after reaching $20,000 for the first time ever, Bitcoin hit another impressive milestone, climbing above USD 50,000 for the first time ever yesterday. After hovering at $10,000 for most...

In a long awaited event, Ethereum is finally nearing it's previous all time high (ATH) figure of $1448 (CoinGecko data) and is currently changing hands at ~$1402! For the past 24 hours, ETH has been attempting to cross ATH, but could only reach $1428. However, the marketcap stands at a ATH $162B. Technically, the price ATH wasn't breached, but the crypto community assumed...

In a significant development, DeFi TVL has gotten past $21 billion as a record 6.8M ETH now occupy financial smart contracts. Ethereum itself has recorded gains of 8.3% over the last 24 hours and a massive 62.4% over the last week, as the largest smart contracts platform in the world hovers at $1200. It briefly crossed the psychological barrier earlier and is fast...

Summary: Bitcoin's dominance tested 73% on January 3rd This level was last seen in September of 2019 and is a crucial resistance area If Bitcoin pushes above this level, altseason will be postponed Conversely, if Bitcoin corrects and fails to break the 73% dominance, alts might just thrive The King of Crypto, Bitcoin (BTC), has just set a new all-time high value of...

Quick take: Ethereum's correlation to Bitcoin has been dropping since the DeFi boom of Q3 The progress of ETH2.0 has further accelerated this A drop in Ethereum's correlation to Bitcoin hints of an altseason The weekly ETH/BTC chart is bullish and is another clear indicator of a pending altseason Ethereum's correlation to Bitcoin has been dropping continuously since the DeFi boom of Q3...