Tag: bitcoin dominance

Ethereum has been dominating the crypto market since the rally began. The digital asset had outperformed even bitcoin during this time, which saw a higher drive in its price compared to its larger counterparts. Even now, this outperformance continues to wax stronger. However, as the month of October draws to a close, the question becomes if Ethereum would be able to maintain on...

With the Ethereum Merge successfully completed, bitcoin has seen its biggest proof of work competitor network eliminated. While the pioneer digital asset had maintained the largest share of the proof of work networks prior to the Ethereum Merge, it is now in almost complete control of all the market cap of these coins. So while the crypto market celebrates Ethereum’s latest upgrade, it...

Bitcoin has been the most dominant cryptocurrency on the market for the past 13 years. It was the first cryptocurrency and has set the tone in the market for years. More and more projects were launched, but could not pose a threat to Bitcoin. But in the last few weeks and months, Bitcoin's lead at Coinmarketcap has continued to decrease. Why is bitcoin...

A recent recovery in the crypto market has been heavily skewed towards Bitcoin (BTC), with the token now accounting for 47% of the market. BTC jumped over 6% in the past 24 hours,...

Bitcoin (BTC) saw its market dominance fall sharply over the past two days, as the latest crypto rally became more skewed towards altcoins. A mix of institutional buying and interest in staking appeared to have triggered the...

While the broader cryptocurrency market has been consolidating heavily recently over the last few weeks, we have seen an interesting trend in the market. Bitcoin (BTC) continues to move sideways as its overall dominance in the crypto space drops...

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...

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...

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...

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...

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...

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...

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,...

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: 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...

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...

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...

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

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...