Bitcoin Suddenly Drops 13% as Altcoins Continue to Rise

At the time of writing this article, the price of bitcoin really hasn't changed since yesterday. The current price is $236, and while many of us have been expecting another sudden rise, such a thing has yet to come. Yesterday witnessed a $2 rise in the price following a heavy drop of about $10, but now it appears that bitcoin has suddenly gotten comfortable where it is. Why is that? Is 236 a cushiony number? Is it soft and snug and is bitcoin comfortable resting on its plush? Who knows, but now another scenario has entered our midst, and it seems that bitcoin might possibly stay where it....

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....

On-chain data shows Bitcoin exchange inflows have continued their recent sharp rise as the price of the crypto drops further. 7-Day MA Bitcoin Exchange Inflow Continues To Point Up As pointed out by an analyst in a CryptoQuant post, BTC inflows are steeply rising as the selloff in the market rages on. The “exchange inflow” […]

Since bitcoin’s significant price rise, altcoins have been brushed off to the side as bitcoin’s dominance climbed to 87.4 percent. Altcoin interest has waned as each alternative digital asset has lost market capitalization over the past two months. There are various reasons. All Eyes Focused on Bitcoin. Let’s face it: all eyes are on bitcoin’s price....

The rise of Bitcoin price, crossing $1000 has considerably impacted the rise of other altcoins. New Year has indeed turned out to be great for the Bitcoin community. The cryptocurrency has broken through the $1000 barrier for the first time since 2014, exhibiting its potential as the mainstream currency of the future. As Bitcoin continues to enjoy the unprecedented growth, the same can’t be said about other leading cryptocurrencies. Bitcoin, upon gaining popularity led to the rise of other alternative cryptocurrencies which are now categorized as altcoins. Some of the leading altcoins at....