Despite the most recent retracements in the crypto markets, the overall trend in the past several months has been quite bullish, leading to a new all-time high for Bitcoin and a multi-year peak for Ethereum.
Consequently, their market capitalizations increased as well a lot lately and that made them some of the largest financial assets by that metric. But where exactly does Ethereum stack up?
ETH in the Top 25
CryptoPotato frequently reported Bitcoin’s progress as the asset entered the top 10 financial assets in February by surpassing Warren Buffett’s Berkshire Hathaway. A few weeks down the line, BTC’s market cap exceeded $1.4 trillion and surpassed that of Meta and silver, becoming the 8th largest financial asset. The latest declines, though, have halted some of its
Articles by Jordan Lyanchev
Bitcoin Slumps to 10-Day Lows, DOGE and SHIB Among the Double-Digit Losers (Weekend Watch)
2 days agoThis weekend doesn’t resemble the previous few, which were a lot less volatile, as the primary cryptocurrency has dumped hard to a ten-day low of under $65,000.
The alternative coins are also well in the red, and the total crypto market cap has lost over $100 billion daily and more than $300 billion in the past few days.
BTC Dumps Hard
Monday began on a high note as BTC soared from $67,000 after retracing on Sunday evening to over $70,000 to register a new all-time high. The asset kept climbing in the following days and peaked at $73,800, which is the current ATH as of now.
It was reached on Thursday but was followed by a massive rejection. The bears finally took control of the market and pushed Bitcoin south to under $66,000 on Friday. BTC recovered some ground on
BOOK OF MEME (BOME) Enters Top 100 Crypto Assets Days After Launch Following Major Binance News
2 days agoThe Solana blockchain has become the home of many new and popular meme coins that have garnered the community’s attention during this bull cycle. This has pushed not only their prices up but also SOL’s.
The latest such craze is called BOOK OF MEME and was launched earlier this week. It quickly skyrocketed by triple and quadruple digits in days and has now entered the top 100 cryptocurrencies by market cap after a Binance listing.
CryptoPotato reported earlier that a savvy investor has turned 50 SOL into 767 SOL by investing in BOME’s pre-sale.
Just a day later, BOME grasped the attention of major cryptocurrency exchanges, and the subsequent listing pushed its price to new heights.
Another major exchange – Binance – decided to join the craze by listing the following four
SOL Heads for $200, AVAX Soars 12% Daily, and BTC Eyes $70K Again (Weekend Watch)
3 days agoBitcoin’s price faced enhanced volatility at the end of the business week, which included a drop of $8,000, but it has recovered some of the losses as of now.
Several altcoins have bounced off from the Friday crash, with AVAX, BNB, SOL, and APT emerging as today’s top performers.
BTC to Challenge $70K Soon?
Bitcoin’s business week started with a lot of price fluctuations as well. It first dumped to $67,000 before the bulls took charge and initiated a massive leg-up that resulted in charting a new all-time high of roughly $73,000.
That was just the start of the positive week, as BTC briefly exceeded that level on Tuesday. However, the bears came out of the woods at this point and pushed it south hard. In just a few hours, Bitcoin had dropped to under $69,000.
More
Record Bitcoin ETF Inflows, New BTC ATH, and Ethereum’s Dencun Update Goes Live: This Week’s Crypto Recap
3 days agoAs the fourth Bitcoin halving approaches and is about a month away, the primary cryptocurrency’s price experienced something it hadn’t done before – to chart a new all-time high before that significant event.
In fact, that happened last week but only intensified during the past several days. The weekend went as it typically does, in a quiet manner, as the asset had calmed at around $69,000.
This Monday, though, mimicked the previous one in terms of daily gains, and BTC skyrocketed to nearly $73,000 to chart yet another all-time high. The bears were quick to intervene and pushed the cryptocurrency south almost immediately, and it slipped to under $69,000.
However, the bulls returned quickly to the scene and propelled another leg up, which resulted in a fresh all-time high
Nexo Product Manager Talks 2022 Crypto Lenders’ Crisis and Which Coin Users Seek The Most (Exclusive Interview)
9 days ago2022 saw the implosion of numerous cryptocurrency lenders, perhaps none more devastating for investors than the Celsius crash. What followed was a year-long violent bear market with depressed prices and little to no actual activity within the industry.
Two years later, the landscape is entirely different. The entire market cap has more than tripled in the past several months, while BTC is closing on its all-time high against the dollar of $69,000.
During the Crypto Expo Conference in Bucharest, CryptoPotato had the opportunity to chat with Nexo’s Product Manager – Dimitar Bratovanov – and he explained what helped his company survive the lenders’ crisis, what are the latest products that the team has launched, how they work, how users can take advantage, which are the
Bitcoin Stopped at $70K, FLOKI Skyrockets 111% Weekly and Nears Top 50 (Weekend Watch)
10 days agoBitcoin’s price stood still for several days, but the asset went on the offensive yesterday, broke above $70,000 for the first time ever, and was violently rejected minutes later.
Several altcoins, led by Worldcoin and FLOKI, have produced massive gains over the past day.
BTC’s Rollercoaster
CryptoPotato reported BTC’s notable run as of late, which culminated this week by charting a new all-time high two consecutive times. At first, Bitcoin shot above $69,000 on Tuesday after gaining several thousand dollars on Monday. However, the bears were quick to intercept the move and pushed the asset south hard. In a matter of minutes, BTC had fallen by nearly ten grand, leaving billions of USD in liquidations.
Bitcoin recovered most losses almost immediately and returned to $67,000
This Is How Shiba Inu (SHIB) Can Become The Largest Meme Coin in 2024
10 days agoWith Bitcoin hitting new all-time highs twice this week, the crypto community is perhaps rightfully speculating that the new bull cycle has already begun.
Meme coins have been at the forefront of the recent gains, with the two largest going at it, and a new battle has started – which one of them will be the largest during this run.
The gap between their market caps has narrowed in recent weeks and is under $4 billion, while it was at almost $10 billion in early February. So, after asking ChatGPT on its opinion on the matter, we decided to touch bases with its main rival – Perplexity – on what has to happen for Shiba Inu to surpass the OG meme coin – DOGE.
The duo has now become the 10th and 11th largest cryptocurrencies by market cap, with Dogecoin’s standing at just over
Read More »Massive Bitcoin Rollecoaster as BTC Price Taps $70,000 ATH
10 days agoThe primary cryptocurrency stood still for a few days after this week’s massive volatility, but the bulls are back in control and pushed it to a fresh all-time high of over $70,000.
Ethereum’s native token mimicked BTC’s performance by soaring past $4,000 and dumping just as hard minutes later.
BTCUSD. Source: TradingViewBitcoin’s current week is going in a highly volatile fashion. The asset skyrocketed to under $69,000 on Monday and went above that line on Tuesday to break its 2021 ATH.
However, the bears took control and pushed it south hard in the following hours. As a result, BTC slumped to under $60,000 almost immediately after the new peak, liquidating thousands of positions worth over a billion USD.
Yet, Bitcoin quickly rebounded and returned to $67,000 by
Top Meme Coins WIF, PEPE, SHIB, FLOKI, and BONK Skyrocket Triple Digits Weekly (Market Watch)
16 days agoWhile Bitcoin has stalled and even retraced slightly below $62,000, meme coins have made the news this week with mindblowing gains, led by Dogwifhat (WIF).
The total crypto market cap has declined slightly on a day scale, but it is up by more than $100 billion in the past seven days.
Meme Coins’ World
The bull market seems to be back on track as assets that were less popular last year have gained a lot of traction with massive gains now. Such is the case with the largest meme coins. Dogecoin – the OG rep of that cohort – shot up by 70% this week and reentered the top 10 biggest digital assets by market cap as its price went to almost $0.14.
However, DOGE’s main rival – Shiba Inu – has outperformed it with a noteworthy weekly surge of 130%. You can check some of the
Why Did Shiba Inu Explode 130% Weekly, How Far Up Can SHIB Go? Perplexity Answers
16 days agoThe second-largest meme coin by market cap – Shiba Inu (SHIB), has been among the top performers in the crypto market in the past week or so.
Although the entire meme coin sector has charted impressive gains, SHIB’s price could be poised for further gains given several factors that were recently listed by ChatGPT’s rival – Perplexity.
Bitcoin had a few big weeks in February as it managed to close it with the most substantial monthly gain in its history. However, the asset has stalled since then, while meme coins have been on the rise.
Shiba Inu gained a lot of traction in recent weeks, having soared by more than 130% on a 7-day scale. Yesterday alone, SHIB skyrocketed by 65% at one point.
You can check some of the possible factors behind this increase here – such as the
Read More »Shiba Inu (SHIB) Explodes 65% Daily, Dogecoin (DOGE) Follows Suit With 20% Surge (Weekend Watch)
17 days agoBitcoin’s price has calmed at around the $62,000 level after a noteworthy week in which the asset soared by over ten grand.
However, the altcoins have resumed their bull run with massive gains from the likes of DOGE, SHIB, BCH, UNI, ADA, and others
Altseason Incoming?
Numerous reports emerged in the past week or so suggesting that the altcoins, which were outperformed by Bitcoin lately, could be on the verge of a price explosion, thus triggering the next altseason. This prediction has materialized over the past 24 hours, at least for some.
Cardano, Polkadot, Chainlink, Polygon, Litecoin, and Ripple are just some of the examples of alts charting impressive gains. In their case, the daily increases are somewhere between 6-10%.
Even more impressive price pumps come from the
Bitcoin Explodes to New 26-Month High of Over $53,500, Leaving Almost $200M in Liquidations
21 days agoThe price of the largest cryptocurrency by market cap took a sudden liftoff and shot up by more than two and a half grand in minutes to a new 26-month peak of over $53,500.
The altcoins have also turned green, with ETH soaring even further above $3,100 and BNB nearing and briefly surpassing $400 for the first time since May 2022.
BTCUSD. Source: TradingViewCryptoPotato reported earlier that BTC’s price had stalled as the asset was unable to overcome $52,000 during the weekend despite a few attempts.
As such, Bitcoin had declined to $51,000, and it seemed like the consolidation around that level would continue.
However, that wasn’t the case. The bulls took charge of the market minutes ago and initiated a massive leg-up that resulted in BTC soaring by nearly three grand.
Retail Traders Still Missing: Can They Push Bitcoin’s Price to New ATH Soon?
22 days agoBitcoin’s price has been on the run for the past several months, having surged from under $20,000 to over $50,000 since June 2023.
While that was mainly driven by the anticipation and the subsequent approval of nearly a dozen spot Bitcoin ETFs in the States, it seems retail traders are still not present, which begs the question of whether their arrival could propel another price surge for the asset in the next few months.
How Did We Get Here?
Data from Google Trends shows the typical behavior of retail investors, as they tend to search more for investment options that are very hot. This leads to them entering the market in question in what has been termed as FOMO (fear of missing out).
The cryptocurrency market is perhaps best known for such sentiment changes as it tends
Ethereum (ETH) Reclaims $3K Level as Bitcoin (BTC) Eyes $52K (Weekend Watch)
23 days agoBitcoin’s price went on the offensive once again after yesterday’s retracements and came inches away from tapping $52,000.
Most altcoins are also slightly in the green, with ETH surging past $3,000 and SOL maintaining above $100.
BTC to Challenge $52K?
After a few consecutive weeks of price increases, the primary cryptocurrency had a quieter seven-day period this time. The only notable price surge came on Tuesday when the bulls drove the asset to a new multi-year peak of precisely $53,000.
However, a sharp rejection followed that pushed the cryptocurrency south by more than two grand. It tried to recover most of the losses but ultimately fell below $51,000 on a few occasions.
The next couple of days were calmer, but BTC still struggled to post any substantial gains. Just
Cardano (ADA) Soars 9% Daily While Bitcoin (BTC) Nears $52K Again (Weekend Watch)
February 18, 2024Bitcoin faced some untypical for the weekends volatility yesterday and dropped by roughly a grand and a half, but has recovered most losses and now sits close to $52,000.
Most altcoins have also turned green today, with ETH reclaiming the $2,800 level and SOL returning to $110.
BTC Heads Toward $52K Again
After closing last week with a 13% gain, BTC started the current one with another surge on Monday that drove it to $50,000 for the first time in over two years. The US CPI numbers on Tuesday brought some pain for the bulls as BTC dropped to $48,500, but that was short-lived, and the asset resumed its bullish trajectory almost immediately.
This led to breaking above $51,000 and $52,000 on Tuesday and Wednesday. Thursday saw yet more price gains, and BTC tapped $52,900 to
These Altcoins Might Outperform Bitcoin (BTC) in 2024: Perplexity
February 18, 2024Bitcoin’s start of 2024 has been quite impressive not only in price movements but also in terms of global adoption following the approvals of nearly a dozen spot BTC ETFs in the US.
With the fourth halving scheduled to take place in about two months, the primary cryptocurrency is expected to have a highly positive year, with some predictions indicating a price tag of up to $150,000, which would mean a 3x surge from this point.
However, once BTC starts to head north, so do some altcoins. After asking ChatGPT’s opinion, we decided to go to one of its main rivals – Perplexity – to see another point of view regarding best-performing altcoins coming from an AI chatbot.
ETH, SOL, AVAX, and More
Perplexity named six altcoins in particular that could have a more impressive 2024.
Crypto Markets Cool Off After Recent Rally, Bitcoin (BTC) Stalls Below $52K (Weekend Watch)
February 17, 2024After numerous consecutive days of charting impressive gains, Bitcoin has calmed at just under $52,000.
The altcoins have also stalled following the recent price surges, with ETH dipping below $2,800 and AVAX slipping below $40.
BTC Calms Below $52K
The primary cryptocurrency had a highly impressive run over the past ten days. It all started on February 7 when the asset finally broke out of its tight range in which it stood for a week – at around $43,000.
The bulls took complete control of the market and initiated a few consecutive price jumps that resulted in BTC knocking on the $50,000 door by the end of that week. After a brief rejection, the cryptocurrency went on the offensive once again and reclaimed that level on February 12 (Monday).
The US CPI numbers pushed it
Over $200 Million Liquidated as Bitcoin (BTC) Price Dumps Almost $2K
February 13, 2024Bitcoin’s price suffered a substantial correction today, a day after it finally broke above the coveted $50,000 line.
This has resulted in a large number of liquidated traders, as well as over $200 million of wrecked positions on a daily scale.
BTCUSD. Source: TradingViewAfter a positive last week, in which BTC soared from $43,000 to over $48,000, the asset had a relatively quiet weekend, standing at around the latter.
Monday started with a minor retracement that drove the cryptocurrency down by a few hundred dollars, but the bears were quick to intercept the market movement and reverse its trajectory.
Later that day, Bitcoin began another ascend that, this time, drove it to just over $50,000. This became its highest price tag in over two years.
However, as CryptoPotato
Read More »Here’s How Bitcoin (BTC) Price Can Reach $112K This Year: CryptoQuant CEO
February 11, 2024Bitcoin’s price is poised for an upcoming rally this year, and the best scenario can take the asset to above $100,000 for the first time ever, said the CEO of CryptoQuant – Ki Young Ju.
To do so, though, certain developments have to transpire, which are mostly related to the recently approved spot Bitcoin ETFs in the United States.
ETFs Behind BTC’s Upcoming Rally?
Ever since the entire crypto community and a bigger part of the traditional financial world started realizing that the SEC will inevitably approve spot Bitcoin ETFs sooner rather than later, experts speculated on whether these developments will be a sell-the-news event. That turned out to be true as BTC slumped by over ten grand in the first two weeks of ETF trading in January.
While there were debates on the
Bitcoin Jumps to Monthly Peak Above $48K, Chainlink Explodes 11% to $20 (Weekend Watch)
February 11, 2024Bitcoin continues its weekly run, and it jumped to a new monthly peak at $48,600 hours ago.
The altcoins have also turned green one more time, and the total market cap has reclaimed the coveted $1.8 trillion level.
BTC’s Run Continues
The primary cryptocurrency was trading sideways for much of the previous ten days. The asset had calmed after last week’s volatility and remained in a tight range at around $43,000 until Wednesday evening.
This is when the bulls gained control over the market and initiated a few consecutive leg-ups. At first, BTC jumped to $45,000, but that was just the beginning. The bulls kept the pressure on, and the cryptocurrency saw its price climb above $47,000 by the end of the business week.
Although most recent weekends have been quite sluggish,
AVAX Soars 9% Daily, SOL Taps $110 as BTC Jumped Above $48K (Weekend Watch)
February 10, 2024Bitcoin’s positive price performances continued in the past 24 hours as the asset jumped above $48,000 and marked a new monthly peak.
The altcoins are also in the green, with ETH tapping $2,500 and SOL jumping to $110.
BTC on the Rise
A lot can change in the cryptocurrency market within a week, and this is what happened to BTC in the past seven days. Last weekend, the asset had recovered from the most recent declines and stood at around $43,000.
The next several days were highly uneventful, and Bitcoin remained at that level aside from a few brief and minor pumps and dumps. However, the landscape finally started to change Wednesday evening and especially Thursday morning when BTC broke above its tight trading range and jumped to $45,000.
Friday provided even more gains as
Bitcoin Explodes 10% Weekly to Monthly Peaks, MicroStrategy Reveals Latest BTC Purchase: This Week’s Crypto Recap
February 9, 2024Last week, Bitcoin managed to recover a substantial portion of the ETF-induced losses that occurred in the two weeks after their approval but then stalled at around $43,000 for several consecutive days.
In fact, the asset remained at around that level from last Thursday to this Wednesday with little to no actual movements. That, though, started to change on Wednesday evening when the bulls finally stepped up on the gas and initiated an impressive leg up that resulted in tapping $45,000 by Thursday. The following 36 hours were equally as impressive.
This time, the primary digital asset jumped above $46,000 and $47,000. Moreover, it went as high as $47,700 (on Bitstamp) earlier today for the first time since the ETFs went live for trading on January 11.
This came amid
Did Bitcoin (BTC) Price Indeed Bottom After the Unrealistic ETF-Related Market Expectations? (Analysis)
February 3, 2024The US Securities and Exchange Commission made history in mid-January when it finally approved nearly a dozen spot BTC ETFs to launch on local exchanges after a decade of delays and rejections.
There was a big price run-up ahead of the approvals that resulted in a highly positive Q4 ’23 for BTC. However, the landscape changed on the day the ETFs launched in the US, and Bitcoin slumped by over ten grand in the following weeks. Has the asset finally bottomed?
The ETF Aftermath
All eyes in the financial world were on the US SEC at the start of the year, with multiple experts claiming that the regulator will finally allow spot Bitcoin ETFs in the country. As such, the anticipation led to a massive increase in BTC’s price, which soared past $40,000 for the first time in nearly
Bitcoin’s Price Stands Still but These BTC Wallets Are Making Big Moves: Data
February 3, 2024Bitcoin’s price actions in the past several days have been quite uneventful, with little to no movements after last week’s recovery from the sub-$40,000 dip.
However, data from Santiment shows that some of the largest investors have been using this moment to move sizeable portions of their holdings.
🐳 #Bitcoin is ranging between $41K and $44K, but whale wallets are moving big this week:
🔴 Number of 1K-10K $BTC Wallets: 1,958 on Feb. 1st (Most since November, 2022)🟡 Number of 100-1K $BTC Wallets: 13,735 on Feb. 1st (Least since November, 2022)https://t.co/MTOnjURnfV pic.twitter.com/QrxW8CH5c2
— Santiment (@santimentfeed) February 3, 2024
The analytics company highlighted the decline of certain wallets holding between 100 and 1,000 BTC. Such investors have dropped by 1.1%
Read More »BTC Settles at Around $43K While ICP Soars 7% Daily (Weekend Watch)
February 3, 2024After the enhanced volatility experienced lately, BTC has finally calmed at around the $43,000 mark.
Most altcoins are also untypically calm on a daily scale, aside from ICP and TIA – both of which have marked impressive gains.
BTC Stalls at $43K
Bitcoin slumped hard in the weeks following the approval and launch of nearly a dozen spot ETFs in the States and bottomed last Thursday at $38,500. The bulls finally managed to intervene at this point and didn’t allow any further declines.
Just the opposite, BTC started climbing in the following days and reclaimed the coveted $40,000 level last weekend. The start of the business week was even more impressive, with BTC soaring past $43,000 on a few occasions and tapping $43,750.
However, it couldn’t surpass that level and the
Dogecoin (DOGE) Explodes 8% Daily, Bitcoin (BTC) Continues Trading Sideways (Weekend Watch)
January 21, 2024Bitcoin’s untypical lack of volatility continues as the asset has failed to move during the weekend from the $41,500 mark.
Most altcoins are also quite sluggish now, with minor gains seen from the likes of ETH, SOL, XRP, BNB, and ADA.
BTC’s Stagnation Continues
The ETF approvals from last week came amid enhanced volatility that saw BTC going up and down by several thousand dollars. The peak came on Thursday when the products reached the US financial markets, and Bitcoin skyrocketed to a 21-month high of $49,000.
Hours later, though, all gains were erased, and a further dump to $41,500 came on Friday evening. As Saturday arrived, the cryptocurrency recovered a portion of its losses and stood at around $43,000. Since then, there have been very few actual price movements.
In
Why Is Bitcoin (BTC) Price Down 15% Since the ETF Approvals? ChatGPT Rival Weighs in
January 20, 2024Perhaps the most important development in terms of global validation for BTC in its 15-year-long history came last week when the US Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs to be traded on financial markets.
These approvals were long-anticipated by the crypto community, as well as traditional investors, but they turned out to be a sell-the-news event, after which the price of the underlying asset slumped by 15% in a week or so.
Why Is That?
Various experts speculated ahead of the approvals whether they had already been priced in as BTC had soared from around $30,000 to approximately $45,000 in the months leading to them. Those who believed Bitcoin would drop immediately after the ETFs launched on US markets were disappointed
Bitcoin Defends $41K Level, Chainlink Gains 5% Daily (Weekend Watch)
January 20, 2024Bitcoin dumped once more yesterday to a new monthly low of under $40,500, but it reacted well and dumped above $42,000 hours later.
The altcoins continue to be quite sluggish, with little to no movements, aside from LINK, which has jumped by around 5%.
BTC’s Declines
The primary cryptocurrency had two completely different weeks. Last week, it soared past $49,000 on the day that 11 spot BTC ETFs reached the US markets and dumped by more than three grand later. The landscape worsened as Friday was coming to an end. Overall, BTC had lost over $7,000 in about 36 hours in what turned out to be a sell-the-news event.
After recovering some ground and reaching $43,000 during the weekend, the asset calmed and traded sideways for almost a week. However, another price decline
Ethereum (ETH) Outperformed Bitcoin (BTC) During ETF Approval Week (Market Watch)
January 14, 2024Bitcoin has calmed at around $43,000 after the recent volatility propelled by the US Securities and Exchange Commission and the launch of 11 spot ETFs.
On a weekly scale, though, BTC is in the red, unlike most cryptocurrencies, such as ETH, which has soared by double digits.
BTC Down on ETF Approval Week
After years and years of delaying and rejecting countless applications, the US securities regulator finally greenlighted spot Bitcoin ETFs on Wednesday, and the products reached the markets a day later.
The whole development didn’t go without a few downturns, including a hack and a controversial statement by the SEC’s chair, Gary Gensler. This resulted in enhanced volatility for the underlying asset, which soared to over $49,000 on Thursday after the ETFs went live and