After losing a substantial share of its market dominance lately, bitcoin has recovered some of the losses by nearing $40,000. This comes even after some altcoins have gained value, including yet another record for Binance Coin above $70.BTC Eyes $40K, Recovers Some Lost DominanceDespite gaining a few thousand dollars since Monday’s dip to $32,000 to about $37,000, bitcoin remained in the shadows while some alternative coins took the main stage. Consequently, they reduced BTC’s dominance over...
Read More »Crypto Price Analysis & Overview February 5th: Bitcoin, Ethereum, Ripple, Cardano, and Chainlink
This week saw nothing but green on the cryptocurrency markets as it seems everything is surging. Ethereum charted a new ATH, as well as many other altcoins, while Bitcoin attempts to reclaim $38K.BitcoinBitcoin saw a 15% price surge this week as the sentiment starts to turn bullish again for the primary cryptocurrency. The coin had been in a consolidation phase since hitting its ATH price at $42,000 last month. Since then, it has pretty much traded sideways within the confines of a descending...
Read More »Binance Coin (BNB) Tops $60 For A New ATH, While CZ Says ‘It’s Just The Beginning’
Binance Coin, the native token of the world’s leading crypto exchange Binance, has been surging in the past several days to new all-time high records. Despite jumping above $60 earlier today, company CEO Changpeng Zhao urged people to stay calm as this is “just the beginning.”BNB’s Painted A New ATHWhile bitcoin and some altcoins, such as ETH, DOT, and LINK, took center stage during the recent bull run, Binance Coin seemed rather neglected. Although BNB had also increased in value since early...
Read More »$10 Billion in a Month: Grayscale’s AUM Hits $30B Milestone
The world’s leading cryptocurrency asset manager, Grayscale Investments, continues with its rapid expansion by overcoming another AUM milestone at $30 billion. Somewhat expectedly, the Trusts dedicated to the two largest digital assets, namely Bitcoin and Ethereum, account for over 95% of all holdings.Grayscale Tops $30B In AUMFounded in 2013, Grayscale enables institutional investors to receive exposure to various cryptocurrencies without having to worry about storing or managing the assets....
Read More »Bitcoin Tapped $38,000 as Market Cap Recorded ATH at 1.150 Trillion (Market Watch)
The total crypto market cap has surged to a new all-time high of $1.150 trillion as bitcoin topped $38,000 before retracing back below it. Most alternative coins also marked substantial gains, including fresh all-time highs for Ethereum and Polkadot.Bitcoin Touched $38KAfter the calm weekend in which BTC retraced to about $32,000, the primary cryptocurrency started to gradually increase its value. This led to yesterday’s break out from the consolidation triangle and an intraday high of...
Read More »Large Caps Explode: BNB Breaks ATH Above $50, ETH Reclaims $1400 (Market Watch)
Despite another attempt to overcome $35,000, bitcoin has continued to trade inside the tight range of $33K to $35K.In contrast, large-cap altcoins, along with some DeFi ‘stars’ had performed a lot better. This includes a new ATH for Binance Coin, Ethereum rising above $1400, getting near the previous January 2018 ATH range. On the other side, XRP has plummeted following the recent gains.Binance Coin Surpassing $50 To New ATHMost of the large-cap altcoin market is well in the green against the...
Read More »Ripple (XRP) Skyrockets 50% As Bitcoin Struggles At $34K: Crypto Market Watch
After a sharp drop that led BTC for another retest of $32,000, the asset has recovered and climbed back up to nearly $34,000, as of now. However, its dominance continues to decrease as some alternative coins have outperformed their leader, including XRP surging above $0.60.Bitcoin Eyes $34,000The primary cryptocurrency went through a roller-coaster on Friday after Tesla’s CEO Elon Musk updated his Twitter profile to include “Bitcoin” as the only description.The asset responded with an...
Read More »LINK Price Analysis: Chainlink Expects Huge Move Upon Breaking Symmetrical Triangle
LINK/USD: Short Term Symmetrical TriangleKey Support Levels: $22.4, $22, $20.77.Key Resistance Levels: $24, $24.70, $25.65.LINK started the past week following a strong bullish momentum as it surged to a new ATH price of $25.65 on Monday. However, it failed to close a daily candle above resistance at $24.85 and started to head lower from there.By Wednesday, LINK had dropped into the support at $20.77, the previous ATH Price. It rebounded from there and spiked back above $26 but could not...
Read More »Bitcoin Price Rejected at Key Resistance as Uniswap’s UNI Hits $20 (Market Watch)
Following the highly volatile few days in which BTC displayed $6,000 price moves in both directions, the cryptocurrency has calmed around $34,000. At the same time, XRP and a few more altcoins have exploded in value and reduced BTC’s dominance to 62.5%. Uniswap’s UNI token even hit $20.XRP’s Massive Surge Reclaims #4th SpotThe past few days have been anything but boring in the cryptocurrency space – from the retail-driven hype for Dogecoin and up to four-digit gains, through the Elon...
Read More »Bitcoin Plunged $4000 To Pre-Elon Musk Pump Levels: Weekend Market Watch
After a highly volatile day prompted by Elon Musk’s Bitcoin engagement on social media, BTC has retraced back to around $34,000, as of writing these lines. Most alternative coins also went along the ride, and the total market cap has sustained the $1 trillion mark.Bitcoin’s 24 Hours Wild RideThe primary cryptocurrency was struggling in the past several days as it even dipped beneath $30,000 on a few occasions that were quickly bought by the bulls. As a result, Bitcoin dominance was fading,...
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