Altcoins

Bitcoin’s dominance has recovered more than 2% in the past week or so and tapped a multi-month high as the asset maintains above $20,000. This comes even though the altcoins experienced notable gains yesterday, but many have retraced hard today. BTC Dominance Above 41% Ever since bitcoin finally broke above $17,000 at the start of this week, the landscape around the asset has seemed significantly more bullish than it was at the end of 2022. The past few days saw gains that...

Two weeks into the year, and crypto markets are rebounding. The Bitcoin and Ether price are each up some 20% on the seven-day chart. But a recent study of altcoins aims to give crypto investors pause before they go trading the rally. When the market makes a move like this, crypto traders often shuffle. They make trades to scoop profits, make hedges, or take long positions in the coin they think will gain the most next. This can result in an increase in volatility in crypto...

The rally from the past two weeks has pushed the cumulative market cap of all crypto assets to above $1 trillion for the first time since the FTX debacle. This comes amid the massive price surge from several altcoins, such as Solana, Polkadot, Polygon, Avalanche, and others. The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022. The largest digital asset went from around $16,500 to over $21,000 in about two weeks. This 27%...

Shaktikanta Das – the governor of India’s central bank – says that the 2008 financial crisis could happen all over again if people don’t start cracking down on the world’s leading digital currencies. He says another financial disaster is right around the corner, and a lot of it will likely be attributed to bitcoin and its altcoin cousins. Shaktikanta Das Is Not a Crypto Fan In a recent interview, Das said: Our view is that it should be prohibited because if you try to...

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Bitcoin cash started a decent increase above the $105 and $108 resistance levels against the US Dollar. The price is now trading above the $110 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $112 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $122 and $125 to continue higher in the near term. Bitcoin cash price is climbing above $112 against the US Dollar, similar to...

El Salvador faced a tough year after making Bitcoin legal tender in the country. But the country’s Legislative Assembly voted to pass a historic – Digital Asset Issuance legislation – that is expected to set the stage for the issuing of President Nayib Bukele’s bitcoin bonds, aka, the Volcano Bonds. The new law will focus on setting up a legal framework around the issuance of digital assets and the wider crypto classification, which includes every other type of digital asset...

EOS price started a fresh increase above the $0.92 resistance against the US Dollar. The price is now trading above $0.92 and the 55 simple moving average (4-hours). There was a break above a key rising channel with resistance near $0.955 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.99 and $1.00 resistance levels. EOS price is rising above $0.92 against the US Dollar, similar to bitcoin. The...