Bitcoin Dominance Breaks Previous High As MidEast Conflict Escalates – Altcoi...
Bitcoin has officially lost the $103,600 support level following shocking geopolitical developments. The US military reportedly launched attacks on Iran’s nuclear facilities, triggering widespread panic and risk-off behavior across financial markets. The crypto space was no exception. Bitcoin, which had been holding above key support for weeks, rapidly sold off as fear gripped traders and […]
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BTC dominance has always had an inverse effect on the price movements for altcoins. Historically, BTC dominance determines the direction the value of altcoins swings in. Bitcoin has so far maintained majority dominance on the market. But as more time passes, that dominance goes down as altcoins see more demand. BTC dominance simply shows how much demand there is for bitcoin compared to altcoins. The more BTC dominance rises, the lower the demand for altcoins. This means that for altcoins to rally up further, bitcoin demand has to go down. Related Reading | Ethereum Breaks 200,000....
The Israel-Hamas conflict, an enduring and deeply entrenched geopolitical issue, has captured global attention for years. However, one area that seems remarkably impervious to the ebbs and flows of this contentious conflict is the cryptocurrency sector. While the conflict affects the lives of many, cryptocurrency remains largely detached from its influence. The conflict escalated significantly […]
The crypto bloodbath continues to rage on, as bitcoin drops 13%, although to a lesser degree than what was experienced last week. Due to this, there have been several migration patterns recorded in crypto investors as they look for the best safe haven. The first had been the flight to stablecoins for cover from the unending losses. However, the tide has changed on this once again as investors look to now be flocking back to bitcoin, causing dominance to rise. Bitcoin Re-Establishes Dominance The decline has affected all cryptocurrencies in the market but data shows that some more than....
Altcoins have risen to a three-year dominance high after tagging a record combined capitalization of nearly $1.5 trillion last week. While Bitcoin tumbles in response to Elon Musk’s Twitter account yet again, altcoin dominance has surged to its highest level in roughly three years.As of this writing, Bitcoin represents 40.3% of the combined crypto asset capitalization — the lowest it has been since June 2018, according to CoinMarketCap.Bitcoin hit a market dominance low of 33% in January 2018 when it was cooling from its previous peak while the altcoins were just hitting theirs. It is....
Bitcoin dominance over the market has still not receded even as the price has fallen below $30,000. Just as BTC had taken a hit, so had the altcoins. This had given the pioneer cryptocurrency more leeway to eat back into the market dominance. Even though the market has been brutal to investors in the past week, it is starting to level out and as the end of the month draws closer, indicators are starting to point towards better forecasts. Bitcoin Still On The High Side With Bitcoin, there has never been a dispute regarding its dominance in the crypto space. However, this dominance has since....