Tag: Altcoin

Bitcoin Dominance To Peak At 68% – Altcoin Season Incoming?

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Amidst the ongoing consolidation in the crypto market, an analyst with X pseudonym cryptododo7 has observed certain developments with the Bitcoin dominance that could spell significant implications.  Bitcoin Dominance Climbs Higher As Altcoins Prepare For Takeoff In a recent X post on March 21, cryptododo7 shared a technical analysis on the Bitcoin Dominance chart hinting at a possible altseason. The crypto analyst noted that Bitcoin Dominance may be poised for a sustained uptrend following a breakout and successful retest of a bullish pennant formation at the 61.25% level. Generally, the…

Here’s why Bitcoin and altcoin prices disappointed after Trump crypto summit speech

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Bitcoin and other altcoins like Avalanche, Dogecoin, and IOTA dropped on Thursday, erasing some of the gains made after the Fed decision.  Bitcoin (BTC) dropped to $84,000 from this week’s high of $87,500. Ethereum (ETH) fell to $1,965, while Dogecoin (DOGE), IOTA (IOTA), and JasmyCoin (JASMY) fell by over 4%. The total market cap of all cryptocurrencies dropped by 1.5% to $2.74 trillion.  Bitcoin and other altcoins failed to move higher after Donald Trump declared that crypto would expand the dominance of the US dollar. He made the statement in…

Bitcoin reclaims $80K zone as BNB, TON, GT, ATOM hint at altcoin season

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Bitcoin (BTC) is struggling to break above the 200-day simple moving average ($84,000), but a positive sign is that the bulls have not ceded much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve a weekly close above $81,000 to signal resilience. Selling could accelerate if the price plummets below $76,000. Another cautious voice was that of Markus Thielen, head crypto researcher at 10x Research. Thielen told Cointelegraph that Bitcoin’s chart structure “suggests market indecision rather than a straightforward bullish consolidation.” Thielen…

Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. On-chain data shows Bitcoin and the altcoins have seen their trading volume decline recently, a sign that trader interest in the market is waning. Trading Volume Is Down Across…

Bitcoin dominance hits new cycle high as post-election altcoin rally fizzles out: Matrixport

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Bitcoin dominance hit a new cycle high despite price correction as investors shift from altcoins, driven by stronger-than-expected U.S. job growth and the Federal Reserve’s hawkish stance. According to Matrixport, Bitcoin (BTC) dominance has surged to a new cycle high, surpassing 61%. Matrixport attributed this to two factors: a stronger-than-expected U.S. jobs report as well as the Federal Reserve’s increasingly hawkish stance. When job growth exceeds expectations, it suggests the economy is performing well. This often translates to higher interest rates or a delay in rate cuts, which reduces liquidity…

Bitcoin dominance grows as altcoin market struggles

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crypto.news caught up with CoinW Chief Strategy Officer Nassar Achkar to discuss the current crypto market climate, Bitcoin’s possible trajectory, ongoing macro tensions, and the beleaguered altcoin landscape. Bitcoin (BTC) broke below $81,000 again on March 10, falling 5% in the past 24 hours amid a broad market downside, while the total crypto market capitalization slid to $2.7 trillion as digital asset investors liquidated virtual currencies to protect capital. Nassar Achkar, representing the Dubai-based crypto exchange CoinW discussed many topics with crypto.news in an interview, including how $100,000 remains a…

Bitcoin’s Slide Sparks Altcoin Avalanche: PI, Dogecoin, XRP Post Brutal Losses

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Bitcoin’s valuation persists in its downward trajectory, briefly grazing an intraday low of $82,201 per coin amid a 4.4% depreciation against the U.S. dollar within 24 hours. Among the top ten cryptocurrencies by market capitalization, dogecoin (DOGE) distinguished itself as the most pronounced decliner, surrendering 12.8% of its worth. Bitcoin’s Bear Grip Tightens Bitcoin’s (BTC) […] Original

David Sacks downplays Trump’s altcoin mention after Bitcoin reserve EO

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White House AI and Crypto Czar David Sacks addressed speculation on possibly including altcoins in a crypto reserve. Last weekend, President Donald Trump spoke about (XRP), Solana (SOL), and Cardano (ADA) as part of a U.S. crypto strategic reserve. The tokens and other digital assets surged to double-digit gains as billions flowed into cryptocurrencies. Debates broke out after Trump’s announcement, as many scrutinized the decentralization and value proposition of these altcoins.  For most, a reserve exclusively denominated in Bitcoin (BTC) is the best route. Some surmised that Ethereum (ETH) should…

Top Crypto Exchange Binance Launches Trading Support for Brand-New Multichain Oracle Altcoin

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Binance, the largest crypto exchange by trading volume in the world, has rolled out trading support for a brand-new multichain oracle altcoin. Traders on the top global crypto exchange can now buy and sell RED, the native asset of the modular blockchain oracle RedStone. RedStone bills itself as “the fastest-growing blockchain oracle” with users on more than 80 chains. “In 2024 alone RedStone user base grew by over 500%, and Total Value Secured grew by over 6,000%. Powered by novel, sustainable tokenomics, RED will accrue REAL YIELD from RedStone data…

AI Altcoin Jumps As South Korea’s Largest Crypto Exchange Announces Trading Support

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One artificial intelligence (AI)-focused altcoin is surging after going live on South Korea’s largest crypto exchange, Upbit. The information finance (InfoFi) protocol Kaito (KAITO), which is built on the Base network, soared by more than 45% amid the Upbit listing news. Kaito was trading at a low of $1.49, before surging to a high of $2.17. KAITO has since stabilized and is trading for $1.76 at time of writing. With a market cap of $426.8 million, the altcoin is the 168th largest crypto project. Last month, top US crypto exchange…