Bitcoin Dominance Poised to Breakdown, Are Altcoins About to Rally?
Bitcoin’s weakness over the past couple of weeks has resulted in a failure to bounce back as it clings to support at $8k. The drop had largely been expected and… Read more »
Tag: Dominance
Opinion: Bitcoin Dominance Metric Should Exclude Stablecoins Like Tether. Here's Why
Altcoins have always been around aside Bitcoin. The first altcoin, Namecoin, popped up somewhere in the middle of 2011. Since then, the total number of altcoins has reached 5 digits,… Read more »
US Dollar, London Increase Currency Market Dominance, Yuan Stagnates
Global Currency Market Update, Talking Points: The US Dollar remains without serious competition in global foreign exchange trade The Yuan on the other hand has failed to make progress London… Read more »
Bitcoin’s Dominance Drops as BTC Price Briefly Dips Below $10K
Crypto markets continue to trade sideways, with the majority of the top 20 coins by market cap seeing losses. Saturday, Sept. 21 — crypto markets continued to trade sideways, with… Read more »
Bitcoin Fails to Regain $10K as Market Dominance Hits 6-Week Low
Thursday, Sept. 19 — Bitcoin (BTC) stayed lower after another sudden bout of volatility sent the largest cryptocurrency below $10,000. Market visualization. Source: Coin360 Bitcoin lingers in four-figure zone Data from… Read more »
Will BTC’s 70% Dominance Soon Give Way to an ‘Alt-Season’?
Things have been pretty peachy in BTC world for the past several months. After the “crypto winter”, a year of price drops and doldrums, crypto spring sent BTC rising back… Read more »
Bitcoin Price Wobbles Toward $10K as Altcoins Push Dominance Under 70%
Monday, Sept. 9 — The price of Bitcoin (BTC) was testing support at $10,000 again after the largest cryptocurrency’s latest bull run broke down over the weekend. Market visualization. Source:… Read more »
Bitcoin Dominance Falters at Last; Can the Altcoin Run Continue?
Today was a weird day for the crypto markets. For the first time in seeming months, altcoins dramatically outperformed Bitcoin — managing to gain multiple percent on the market leader…. Read more »
Bitcoin Open Interest Peaks as BTC Dominance Hits Another High
While Bitcoin price action is decidedly sideways, other metrics are posting positive signals. The week is ending with BTC above five figures which is still bullish, and dominance has just… Read more »
Bitcoin Rides To New Dominance Highs As Altcoin Market Shrinks
Bitcoin continues to set new records for dominance, as altcoins fall behind. On Thursday, BTC eked out a slight 0.37% price gain over the day before. But most altcoins continued… Read more »