Ethereum hits $2.6K all-time high as Bitcoin market dominance falls below 50%

Ether (ETH), the largest altcoin by market cap, hit new all-time highs on April 22 despite a bearish phase sweeping through Bitcoin (BTC) and other cryptocurrencies. ETH/USD 1-hour candle chart (Bitstamp). Source: Tradingview Ether price claims new record Cointelegraph Markets Pro and TradingView showed ETH/USD hitting $2,600 for the first time during Thursday on the back of 9.2% daily gains. Against Bitcoin, Ether was also on fire, hitting 0.047 — its highest since August 2018. ETH/BTC 1-week candle chart (Bitstamp). Source: Tradingview The second-largest cryptocurrency increasingly stood out against the rest…

Bitcoin and Ether Market Update April 22, 2021

Total crypto market cap erased $55 billion from its value for the period since Monday and now stands at $2,020 billion. The top ten coins showed mixed results for the last 24 hours with Uniswap (UNI) adding 17.6 percent to its value while Dogecoin (DOGE) lost 14.2 percent. At the time of writing bitcoin (BTC) is trading at $54,240, ether (ETH) climbed to $2,2508. BTC/USD Bitcoin formed its third consecutive red candle on the daily chart on Sunday, April 18, and continued to decrease in value. It was on its…

Why Cardano's Inventor Thinks The Market Could Face Crackdown

Charles Hoskinson, Cardano’s inventor, and Input-Output Global (IOG) CEO, talked about the current regulatory outlook in the United States. Hoskinson believes the crypto market will see a “long overdue” regulatory framework in the coming months. IOG CEO stated in a new video for his YouTube channel that the current market cap of the entire crypto market will force regulators and authorities in that country to take measures. Over the past years, under the previous presidential administration, there was an environment with a lack of unity from the political parties, according…

Dogecoin Multiplies Its Market Cap to $50B, DOGE Price Close to $0.4

Dogecoin market cap has overtaken that of well-established companies like Barclays, Credit Agricole and ING despite the 15% pullback. Dogecoin (DOGE), a meme-based cryptocurrency has after grabbing headlines with a $30 billion market cap nearly double that value with a current market cap of $50 billion. The price of Dogecoin is currently around $0.4. This incredible performance has placed the digital asset way above the likes of Bitcoin Cash, Tether, Cardano, Polkadot, and Litecoin to seal its spot as the fifth-largest cryptocurrency in the world. It only ranks behind the…

Dow Jones Drops 123 Points as Tech Stocks Stirred Broad Market Plunge

After the gains recorded last week, the stock market has changed the direction of its movement. The United States stock market pared off gains accrued in the past week as tech stocks fueled a generally bearish outlook on Monday, the Dow Jones Industrial Average (INDEXDJX: .DJI) dropped 123.04 points following a 0.36% loss to 34,077.63. The S&P 500 Index (INDEXSP: .INX) slipped 0.53% to 4,163.26 while the tech-heavy Nasdaq Composite (INDEXNASDAQ: .IXIC) closed Monday’s session with a 0.98% loss to 13,914.77. Tech Stocks and Their Affect on Dow Jones Social…

Dogecoin (DOGE) market cap hits $50B, surpassing ING and Barclays

The last ten days have been nothing short of impressive for Dogecoin (DOGE), which rallied by more than 500% to a new all-time high at $0.45. Even after a 15% correction, the powerful rally catapulted Dogecoin’s market capitalization above well-established financial institutions like ING, Barclays, and Credit Agricole. The meme-driven cryptocurrency was pushed higher by multiple Twitter posts from Elon Musk, the CEO of Tesla and SpaceX, and the second wealthiest person alive. Musk is not the only billionaire businessman to support the cryptocurrency. Whether or not there are fundamentals…

Whales Move Over $4 Billion in BTC During Sunday's Market Carnage, 150 Bitcoin from 2010 Spent – Bitcoin News

After bitcoin and a myriad of other crypto-assets tumbled in value on Sunday a number of significant whale movements took place. During the morning trading sessions on Sunday (EST), an old school miner transferred three decade-old coinbase rewards with 150 bitcoin worth more than $8.5 million. Later on in the evening, just before the transition into Sunday, two major whale transactions stemming from Binance resulted in three new massive wallets. One wallet contains 58k in bitcoin worth more than $3.3 billion using today’s exchange rates. Over $4 Billion in Bitcoin…

Bitcoin, Ether, Major Altcoins – Weekly Market Update April 19, 2021

The total crypto market cap lost $12 billion of its value for the last seven days and now stands at $2,054 billion. The top 10 coins were mostly in green for the same time period with Dogecoin (DOGE) and Bitcoin Cash (BCH) leading the pack with 440 and 36.8 percent of price increase. Bitcoin (BTC) is currently trading at $56,485, ether (ETH) is at $2,215. BTC/USD Bitcoin finally managed to break out of the $59,200-$55,800 range on Saturday, April 10, and moved closer to its all-time high. On Sunday, it formed…

The Crypto Market Saw a Harsh Correction after Turkey Announced a Crypto Ban

Bitcoin and Ethereum have been surging for days now, until they seemingly started a price correction on weekends. However, the correction did not come naturally, but as a consequence of a very unfortunate development reported in Turkey. Turkey Moves to Ban Crypto Payments Bitcoin price fell earlier on Friday, April 16th, right after Turkey’s central bank announced that crypto payments will become illegal come April 30th. It will still be legal to own crypto, trade it, or mine it. However, using it as a means of payment – directly or…

Is Bitcoin becoming the 'Google' of crypto as BTC market cap nears new milestone?

Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 17, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 trillion. What is the similarity between Bitcoin and Google? The similarity between Bitcoin and Google that Zschaepitz pointed out is that both have dominance in their respective sectors. Bitcoin vs. Google market cap. Source: Bloomberg, Holger…