Cryptocurrency Analysis and News Portal
In brief:What looked like a sure altseason, has been slowed down by Bitcoin pumping past $11k. Bitcoin’s dominance in the crypto markets has experienced a massive rebound. BTC’s push above $11K has stolen the show as it points to a Bitcoin bull market. Bitcoin (BTC) has had an amazing ride that has caught
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The largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last time the crypto asset’s dominance level was around the 61%
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Bitcoin has seen some notable upside today that has put a firm end to its multi-week bout of trading between $9,000 and $9,300.The cryptocurrency is now flashing some signs of strength as buyers attempt to propel it past its crucial near-term resistance at $9,500.It appears that this latest movement higher
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Quick take:Bitcoin has been in a state of continuous sideways movement since early June. Social media dominance of BTC has been dropping and could point to an alt season. A bullish ETH/BTC chart hints of altcoins gaining in the crypto markets. Additionally, the Shit-coin Perpetual contract on FTX recently hit a new All-Time
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The options market is becoming a prominent part of Bitcoin’s ecosystem, with the total open interest seen across all platforms rocketing higher in recent times.Late last month, the benchmark digital asset saw its largest options expiry ever, with nearly $1 billion worth of monthly and quarterly contracts expiring on a
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Bitcoin dominance has been caught in a descending channel since May when it reached 69%. At present, BTC represents 64.9% of the total cryptocurrency market cap, a 10-week low.Bitcoin dominance year to date. (Source: tradingview.com)The end of last month saw the start of a sharp down leg, which has had
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Data from CoinMarketCap shows Bitcoin dominance below 70 percent but in reality, the number could be a lot higher. Unlimited Altcoin Token Supply Makes Market Cap a Meaningless Metric In a report by BTSE Academy, a free Bitcoin learning platform, there are better ways to get Bitcoin’s dominance apart from using the
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Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC).According to the June 12 filing with the U.S. Securities and Exchange Commission (SEC), the New York-based investment company will offer
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Over the last month, Bitcoin dominance has grown by nearly 3%. The climb has largely been driven by the asset’s block reward halving set for less than 24 hours from now.The latest move in BTC dominance has left altcoins on the ropes, and exposing them to a bounce or die
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A new derivative from Bitfinex allows investors to take a position on bitcoin's overall share of the cryptocurrency market. The Seychelles-based crypto exchange said Wednesday the BTCDOM contract would allow investors to bet on bitcoin's dominance rate – a metric for determining the market's bitcoin value versus the value of
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