Altcoins secure double-digit gains after Bitcoin surges toward $33K
TEL, MATIC and AXS soared higher as Bitcoin’s relief rally to $32,800 lifted the entire market. Charts turned green as Bitcoin (BTC) price rallied to $32,858, but a number of analysts also cautioned that the market may not be out of the woods yet. Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours were Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that the recovery is widespread and not just confined to large-cap cryptocurrencies. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProAs....
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Bitcoin bulls struggle to push BTC price above $50,000 while ADA, MATIC and other large-cap altcoins realize double-digit gains. Bitcoin (BTC) continues to look for direction but as this occurred, Ether and altcoins bounced higher from the May 13 sell-off. Dogecoin shocked investors with its 47% rally that kicked off after Coinbase announced that it would list (DOGE) in the coming months. Doge price also rallied after Elon Musk tweeted that he was “Working with Doge devs to improve system transaction efficiency. Potentially promising.”While many altcoins have seen double-digit gains during....
DOGE, KNC and KAVA are just a few of the altcoins that posted double-digit gains as Bitcoin and Ethereum price rallied to key overhead resistance levels. Weary cryptocurrency traders awoke to the sight of green in the markets on May 2 as bulls managed to bid the price of Bitcoin (BTC) above the crucial ‘line in the sand’ resistance at $37,500, while Ether (ETH) briefly traded at $2,800. The rising price of both BTC and Ether has been accompanied by double-digit gains in multiple altcoins, leading some to speculate that the market is currently experiencing an oversold bounce following the....
A renewed wave of selling briefly pushed Bitcoin price below $45,000 and the majority of altcoins saw their double-digit losses increase. Another wave of selling pressure hit the cryptocurrency market on Feb. 23 as Bitcoin struggles to reclaim the $49,000 level.Data from Cointelegraph Markets and TradingView shows that Bitcoin fell under intense pressure in the early trading hours on Tuesday and this pushed the price of BTC as low as $44,927 before buyers arrived to stop the descent.The majority of altcoins and DeFi tokens are now even deeper into their double-digit losses and Bitcoin....
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Traders say the multi-year highs seen from many tokens prove that an altcoin season is at hand. If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway. Similar to previous cycles, after (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins. WRX/USDT, WIN/USDT, BTT/USDT, STX/USDT and HOT/USDT 4-hour chart. Source: TradingViewData from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and....