XRP Takes The Lead Among Altcoins – Will It Drop Before Climbing?
XRP has maintained a daily calmness but emerged as the week’s top performer. The token took to the north with 18% weekly gains as the price crossed the $0.5 mark before falling. Also, other altcoins have been making slight losses daily in the past week. The crypto market is witnessing a drastic twist in the overall movement of prices. In the past few weeks, the crypto assets have been going on and off in both north and south directions. However, after reclaiming slightly during last week, most of the crypto coins lost almost all they had gained during the weekend. Bitcoin has been....
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Bitcoin faced a strong drop into Friday. The cryptocurrency, after peaking at $40,000, fell as low as $34,000 in a flash drop on Friday morning. The drop was odd because the cryptocurrency was strongly underperforming altcoins. Normally, during Bitcoin corrections, altcoins fall against the U.S. dollar and against BTC, though this was not the case. […]
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the 200 exahash per second zone. Bitcoin’s Mining Difficulty Drops 12% Allowing the Hashrate to Climb Higher On April 18, 2021, Bitcoin.com News and a number of crypto publications reported on Bitcoin’s (BTC)....
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....
Bitcoin payment processor Bitwala revealed on September 8 that even though it accepts 40 altcoins, the startup will focus most of its interest on the Bitcoin network. The firm states while everyone is excited about these technologies “nobody uses them.” Bitwala Says Altcoin Volumes Are Flat. Bitwala announced through its blog that while it will still....
So which altcoins performed the best last week? We've been so caught up with bitcoin's rising price following its big headline in The Wall Street Journal and the third (and possibly final) US Marshals Service bitcoin auction, which saw to another 50,000 bitcoins once belonging to alleged Silk Road mastermind Ross Ulbricht being desired and ogled at by a bunch of crypto-enthusiasts waiting to place their bids. Sometimes bitcoin just takes up so much time and space that we forget about the "little guys" on the side; guys like litecoin, darkcoin, dogecoin and other altcoins that operate....