Bitcoin Pauses To Build Momentum For Massive Bull Breakout Q2 2020 hedge fund letters, conferences and more The adverse economic events of the year have revealed the global economy’s susceptibility to natural disasters. The effects of the COVID-19 pandemic have also divulged that a stock market in the dumps is bad for investors that trade […]
Bitcoin has seen some notable upside today that has put a firm end to its multi-week bout of trading between $9,000 and $9,300. The cryptocurrency is now flashing some signs of strength as buyers attempt to propel it past its crucial near-term resistance at $9,500. It appears that this latest movement higher has come about […]
Altcoins have strongly outperformed Bitcoin over recent weeks, with some gaining dozens of percent as BTC has flatlined in the low-$9,000s. Analysts expect altcoins to soon underperform BTC as bullish momentum in the altcoin market peters out. The drop has already begun, with some of the altcoin market’s hottest properties, so to say, posting poor […]
Derivatives and altcoins are providing excitement as bitcoin spot trading stays dull.
Bitcoin flashed some subtle signs of weakness yesterday that sent shockwaves throughout the cryptocurrency market This caused many major altcoins to shed a significant amount of their value, putting at least a temporary end to the intense market-wide uptrend seen by Bitcoin’s smaller counterparts The crypto is now once again sitting just above its crucial […]
There’s been a strong move by many Bitcoin investors over recent weeks to accumulate altcoins. The premise of many of these investments is that one can potentially garner more BTC by trading popular altcoins, be that Cardano, Dogecoin, or otherwise. Pseudonymous analyst “PlanB” confirmed this. Citing a poll the prominent Bitcoin investor conducted, he wrote […]
Even compared to Bitcoin, altcoins have done well for themselves over recent months. As one crypto data analyst observed early last month, BTC has actually underperformed small cap, medium cap, and large cap altcoins. Some argue that this a byproduct of better technology; others say that altcoins were oversold and are seeing a needed relief rally. […]
It’s been an incredibly strong year for altcoins thus far. Versus Bitcoin, many have outperformed. As reported by Bitcoinist previously, the small-cap, medium-cap, and large-cap altcoin indexes from crypto exchange FTX have outperformed Bitcoin since the start of 2020. Bitcoin vs. low-cap, mid-cap, and large-cap altcoins chart shared by cryptocurrency trader Ceteris Paribus (@Ceterispar1bus on […]
Ethereum’s budding decentralized finance ecosystem has gone parabolic over recent weeks. The value of cryptocurrencies locked in DeFi applications has skyrocketed to $1.65 billion, 65% higher than this metric was just 12 days ago. Simultaneously, the number of users leveraging applications like Compound, Maker, and Synthetix has skyrocketed. Unfortunately, a purported hack just took place […]
Throughout 2017 and 2018, many altcoin-advocates pointed to Bitcoin’s lack of transactional speed as a reason why it would be usurped by other smaller alternatives. “Speed” naturally became a selling point of many altcoins. That being said, this was not enough to generate any type of investor interest or extreme utilization. One prominent Bitcoin investor […]
It’s been an explosive past few weeks for altcoins but not for Bitcoin. As the leading cryptocurrency has stalled in the $8,000s and $9,000s as BTC investors have found themselves at an impasse, certain altcoins have ripped higher. Just look at the table below, shared by Taha Zafar. It shows that over the past week […]
Another week, another round of Crypto Tidbits. It’s been yet another volatile week for the Bitcoin market, just like the last. This week, the leading cryptocurrency made an attempt at breaking the crucial $10,000 resistance yet again, rallying as high as $10,050 on some exchanges and $10,160 on BitMEX. Many were quick to think that […]
The aggregated cryptocurrency market has been struggling to spark a macro uptrend due to Bitcoin’s inability to break above $10,000 This has led it to form some heavy resistance just above its current market cap – with this level potentially being insurmountable in the near-term Analysts are also pointing to altcoins severe underperformance of Bitcoin […]
The crypto market is flashing some overt signs of weakness as Bitcoin leads most major altcoins lower Although some smaller tokens have been able to escape these losses, the aggregated market recently tapped a major resistance level, opening the gates for major downside This has led traders to widely note that Bitcoin and other major […]
Bitcoin has long been referred to as the digital counterpart to the scarce physical asset and precious metal, gold. But could altcoins be the digital silver to Bitcoin as digital gold? According to an incredibly bizarre correlation, altcoins are nearly perfectly tracking alongside silver, albeit across different timeframes. What exactly does this mean, and is […]
Aside from a few stragglers, as Bitcoin has rallied over the past few weeks, so to have altcoins. Ethereum is up more than 100% from the $88 lows of March, while XRP has nearly doubled, crossing $0.20 after falling as low as $0.115 during the “Black Thursday” crash. Bitcoin, however, may soon begin to diverge […]
After Bitcoin posted a blow-off top at the end of 2017, altcoins surged across the board, gaining hundreds of percent over the course of months in an event since known as “altseason.” Since that time, when many traders made their fortunes, investors have been waiting for “the next altseason.” While some have argued that it […]
Altcoins have been severely underperforming Bitcoin throughout the course of its latest push higher. This has caused many cryptos to form bearish technical structures against their BTC trading pairs that could force them lower in the days and weeks ahead. Analysts are now noting that this trend of underperformance is unlikely to subside anytime soon. […]
Because we lack knowledge of the future, we look into the past to gain knowledge of what lies ahead. Bitcoin investors are no exception to this rule, often observing historical trends as a way to predict what comes next for cryptocurrency. Zack Voell, a market analyst at CoinDesk, made this much clear when he published […]
During the crypto hype cycle and asset bubble that formed in late 2017, everyone jumped on the cryptocurrency bandwagon and scrambled to launch altcoins designed to power a specific industry or category. To celebrate the current 420-day holiday taking place across the globe, we’re looking back at a small subset of altcoins that went completely […]
Bitcoin is currently flashing some subtle signs of strength as the benchmark crypto pushes towards its resistance at $7,000, with this ongoing upswing providing most major altcoins with some much-needed strength. This has led one analyst to note that an aggregated index of some of the largest altcoins is signaling that bullish continuation is imminent, […]
As surprising as this may seem, Bitcoin has been underperforming its crypto ilk over the past few weeks; data from CoinMarketCap shows that Bitcoin dominance — the percentage of this market made up by BTC — has fallen from 66% to 64.9% in the past three days. To further contextualize this, as of the time […]