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Bitcoin (BTC) revisited recent lows near $52,000 on April 22 as sustained weakness continued for the largest cryptocurrency.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewTraders await altcoin "magic"Cryptox Markets Pro and Tradingview revealed a lackluster day for BTC traders as BTC/USD briefly dipped below $53,000 before stabilizing around $1,000 higher. The move came
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While a lot of automakers are making their debut in the green electric vehicle space, the aim of Daimler is to snatch a sizeable market share from Tesla that is a market leader.German multinational automotive company Daimler AG (ETR: DAI) has unveiled its new 2022 Mercedes-Benz EQS electric vehicle, marking
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Contrary to what many in the crypto space are discussing, Senior Commodity Strategist for Bloomberg, Mike McGlone, has made the case for Bitcoin being beneficial for the U.S. dollar over China’s digital Yuan. According to McGlone, the cryptocurrency is “eclipsing” Yuan’s global adoption. Specifically, the U.S. dollar is showing “organic adoption”
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Bitcoin price is diving currently, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap, altcoins have taken an even more severe beating. With top alts like Ethereum and Litecoin are seeing an even further drop on BTC trading pairs, Bitcoin
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Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share. One project that has outperformed the field as of late is PancakeSwap (CAKE), the Binance Smart Chain-based
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Bitcoin dominance is a metric weighing the top cryptocurrency’s market share against the rest of the crypto space, including Ethereum, Polkadot, Cardano, and other altcoins. For years, analysts used it as a tool to predict divergences between altcoins and Bitcoin. However, recently, the metric has lost just about all meaning, and
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This week, transaction fees on the Ethereum blockchain grew to a level that made the decentralized applications (dapp) operating atop it practically unusable. In some cases, transferring as little as $5 across the second-largest public chain started costing as high as $300. With no choice left, many of the dapp developers
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Quick take:Bitcoin’s dominance has fallen consistently since the beginning of 2021BTC’s dominance fell from 73% to 59% allowing alt-coins to thriveBitcoin’s dominance is now battling to regain the crucial 63% that could see BTC back in full control of the crypto marketsBitcoin is at the cusp of confidently breaking $50k
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The head of the St. Louis Federal Reserve believes bitcoin does not pose a threat to the U.S. dollar’s status as the global reserve currency.In an interview with CNBC on Tuesday, James Bullard said the Fed’s policy focus will remain fixed on a global dollar economy “as far as the
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Over the weekend, altcoins began to pull back after an enormous market-wide rally, starting with Ethereum. And while the market looked to be turning bearish, news of a massive Bitcoin buy made by auto manufacturer Tesla set the crypto market on fire. On Bitcoin pairs, altcoins began to hemorrhage across the
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