Altcoins

Bitcoin has failed to double-down on its recovery and has remained stagnant between $32K and $33K for the past day. Large and mid-cap altcoins, led by ETH, have charted gains against BTC, while the Bitcoin dominance continues its negative sentiment, dropping to approximately 63%.BTC Fails At Breaking Above $34KAfter bitcoin dipped beneath $29,000 earlier this week, the asset seemed to be headed for a quick recovery session as it has done before. Just yesterday, the cryptocurrency gained over...

The crypto space is tanking as of late. Bitcoin has fallen by about ten percent in the past two days, while Ethereum, Ripple, Cardano and Litecoin have all taken dips of anywhere between five and ten percent. However, not every asset is down in the doldrums at the time of writing. Some, such as Polkadot, have retained their high prices and appear poised for more gains in the coming weeks.Polkadot Continues to Thrive Like No Other CoinPolkadot is the provider of what’s known as the dot token,...

Bitcoin has tanked. The world’s number one cryptocurrency by market cap has fallen all the way from around $40,000 just a few weeks ago to about $31,000 per unit at press time. While this has all happened before during the month of January, this time around feels somewhat different.Bitcoin Is Falling Into OblivionThe currency has lost about ten percent in the last two days. Just yesterday, the asset was trading for around $34,000, which means it has lost another $3,000 off its most recent...

A recent report conducted by Bitwise and ETF trends concluded that the number of financial advisors who allocated funds to crypto-assets has increased by nearly 50% in a year.Additionally, the percentage of investors expressing interest in purchasing digital assets has grown to 81%.Financial Advisors Confirmed: Crypto Demand Is RisingAccording to the 2020 study, financial advisors manage about half of the wealth of American investors and play a significant role in the distribution of funds....

After a few consecutive days of price drops, bitcoin has regained some value and has jumped to around $33,000. However, most alternative coins have outperformed their leader with massive gains and have reduced BTC’s dominance over the market to 64%.Exploding Alts, New ATH For LINKThe past several days have been rather harmful to the altcoins as the cumulative market capitalization lost about $200 billion to beneath $900 billion.However, most alts have bounced off hard in the past 24 hours...

As of late, bitcoin isn’t doing so hot. The world’s number one cryptocurrency by market cap had recently hit a new all-time high exceeding $40,000 per unit, but now, the currency has fallen by roughly $6,000 and is trading at about $34,000.Bitcoin Is Being Sold OffWhat could possibly be behind such a recent downgrade of what has been a largely powerful asset these past several months? Many analysts agree that this is the result of a recent sell-off, and that many bitcoin holders are trading...

Bitcoin failed to recover in the past seven days, and it marked a further decline of about 8%. This has its current price hovering around $32,000, and its dominance has declined to 64.1%. But before we take a look at what this means for the altcoin market, let’s see what happened with BTC.The cryptocurrency started off trading above $35K and even took a shot at $38K on Saturday. The bears had a mind of their own, however, and prevented this from happening, sending the market in a sideways...

During the past seven days, we saw an extended correction in Bitcoin’s price which failed to recover to its previous all-time highs. However, while BTC is down, a lot of altcoins started popping and gaining some serious value. For this week’s analysis, we’ve decided to take a closer look at Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink.BitcoinBitcoin is down by a further 18% this week, dropping by a steep $10,900 to reach a low at $28,900. The cryptocurrency was trading at the upper...

Bitcoin’s decline continued in the past 24 hours as the asset dumped below $30,000 for the first time since early January. Most altcoins are also covered in red, and the total market cap has plummeted to $900 billion – meaning a decrease of over $100 billion in a day.Bitcoin’s Drop Took It Below $29KJust a few days ago, BTC attempted to overcome the $38,000 price tag but to no avail. Ever since that rejection, the cryptocurrency has been gradually decreasing in value.The situation worsened in...

Bitcoin cash price declined heavily below $500 and $450 against the US Dollar.The price is holding the key $400 support, but it is well below the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $490 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to recover sharply as long as it is above the $400 and $385 support levels.Bitcoin cash price is down over 20% from well above $500 against the US Dollar,...