Tag: bitcoin dominance

Oct 27 2021

October Bitcoin Overperformance Reminds Crypto World Why It Remains King

Bitcoin has once again proved to the market why it remains the king of cryptocurrencies. The digital asset rallied tremendously in the month of October, hitting a new all-time high in the process. Bitcoin dominated the entire cryptocurrency market in terms of growth. Altcoins had rallied in response to bitcoin’s growth. However, none came close to outperforming the pioneer cryptocurrency. BTC proved that...

Jul 07 2021

Binance Bitcoin Open Interest Surges Despite Legal Scrutiny

Open interest and liquidity across Binance crypto and Bitcoin derivatives markets have vastly improved, suggesting investors’ confidence in the sector. As such, 2020/2021 for Binance has been a breakthrough for derivatives markets. Such hiccups have Led to the current meteoric rise of Binance Futures. Binance Faces Regulation Defaults While Binance luxuriates on this achievement, it is beleaguered with various legal accusations. The accusations...

Jun 18 2021

Binance Launches the Bitcoin Dominance Perpetual Contract, BTCDOM

Binance has launched its new Bitcoin Dominance perpetual contract, BTCDOM The BTCDOM contract will have a maximum leverage of 25x and use Tether (USDT) as collateral BTCDOM is a cryptocurrency index comparing Bitcoin to the top 20 digital assets on Binance by market cap, excluding stablecoins The BTCDOM index is uncapped which means it can trade beyond the 0 - 100% range of...

Jun 17 2021

Ethereum Dropping to $1,800 is Probable With a Rising BTC – Report

Bitcoin's dominance is once again on the rise and at 45.89% Such a rise usually causes a reallocation of capital away from Ethereum and alts, back to Bitcoin Ethereum risks dropping to $1,800 due to the increased influence of Bitcoin $2k remains the support level to watch for Ethereum A rise in Bitcoin's dominance could cause Ethereum to lose several support zones and...

Apr 29 2021

Bitcoin Dominance on a Continuos Decline as Altcoins Make the Most of the Alt-Season

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...

Mar 01 2021

Bitcoin Price Prediction – Will Bitcoin Price recover?

Last week was a red week for the cryptocurrency community. In the past 7 days, most coins lost in their market capitalization. Many investors liquidated their positions because of this previous price dip. Moreover, Bitcoin's price- action seemed to have...

Feb 17 2021

Bitcoin’s Dominance Exceeding 63% Could Put a Dent on Alt-Season

Quick take: Bitcoin's dominance has fallen consistently since the beginning of 2021 BTC's dominance fell from 73% to 59% allowing alt-coins to thrive Bitcoin's dominance is now battling to regain the crucial 63% that could see BTC back in full control of the crypto markets Bitcoin is at the cusp of confidently breaking $50k and pushing harder to $60k The King of Crypto,...

Jan 06 2021

Altseason Depends on Bitcoin’s Dominance Not Exceeding 73% – Analyst

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...

Dec 27 2020

Bitcoin Analyst: $30k Would be a ‘Red Alert’ Zone for BTC

Quick take: Timothy Peterson has identified $30k as a possible 'red alert' zone for Bitcoin At this level, Bitcoin has a higher chance of experiencing a future large crash such as the ones witnessed in 2012, 2014 and 2018 Bitcoin has broken the $25k, $26k and $27k price ceilings in less than 24 hours $28k is a few hundred dollars away for Bitcoin...

Nov 28 2020

Bitcoin Whales with 1,000 or more BTC Sold Their Bags at $19,300

Quick take: Bitcoin whales holding more than 1,000 BTC sold their bags at $19,300 11 of such whales sold enough to no longer be in the 1,000+ coin list Selling by whales is usually a tell-tale sign of a possible top A pull-back to the 50-day MA is possible before another push up by Bitcoin Bitcoin (BTC) whales owning 1,000 or more coins...

Nov 23 2020

Declining Bitcoin [BTC] Dominance Boosts Altcoin Rise, ETH and XRP Lead The Way

Bitcoin rebounded from another $1000 flash crash after registering a daily low of $17,671 on Sunday after breaking past the key resistance of $18,500. The king coin is currently trading at $18,705 registering a 2.30% rise over the past 24 hours. However, it is important to note that BTC is losing steam at the top The post Declining Bitcoin [BTC] Dominance Boosts Altcoin...

Bitcoin prices reach a roadblock of USD 19,000 – What does this mean for Altcoins?

After brushing its all-time level, Bitcoin corrected slightly as predicted...

Oct 28 2020

Bitcoin Trader Shorts Chainlink As Hedge Against Downside; Here’s Why

Chainlink's governance token LINK is emerging as a scapegoat asset for prominent Bitcoin traders. At least one of them has openly stated that he uses the decentralized finance cryptocurrency as a hedge against a potential Bitcoin drop. In simple words, if the price of Bitcoin tops...

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