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Altcoin Season 2021 Booming as BTC Dominance Hits 2-Year Low: The Weekly Crypto Recap

This week we saw altcoins taking for the skies as Bitcoin was rangebound. This led to a plummeting BTC dominance that hit a 2-year low. Bitcoin was trading slightly below $60K this time last week, and everyone had their hopes up that it would conquer this coveted level. Unfortunately, last Saturday, the price started showing signs of weakness, and it declined all the way to $57K on Sunday. From there, Bitcoin started trading flat and made another unsuccessful attempt at $60K on Monday. Bulls didn’t have it in them, though, and as the week went by, the price remained indecisive.…

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How Bitcoin Dominance Bullish Engulfing Could Signal An End To Altcoin Season

Bitcoin price is diving currently, shaking up the crypto market as a whole. In addition to the correction in the top cryptocurrency by market cap, altcoins have taken an even more severe beating. With top alts like Ethereum and Litecoin are seeing an even further drop on BTC trading pairs, Bitcoin dominance has formed a bullish engulfing candle just as a key technical indicator reach overheated status. Here’s how that could put an abrupt end to the ongoing altcoin season. Bitcoin Price Drop Causes Altcoins To Flop Bitcoin is the first ever cryptocurrency that an entire industry was built from…

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4 Reasons Altcoin Season 2021 Has Officially Started

The cryptocurrency market is on fire. The market capitalization has surged past $2 trillion for the first time in its history. Interestingly enough, this was led mostly by alternative coins, or altcoins, surging in value. Bitcoin, on the other hand, failed to break above $60K on multiple occasions over the past month, giving serious merits to the notion that altcoin season 2021 is brewing. In January this year, CryptoPotato reported that Secrets of Crypto, which is one of the well-known and respected cryptocurrency analysts, said the altcoin season for 2021 is just starting, and so far, it appears to be…

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Bitcoin Price Touched $11,400, Altcoin Season Over?

It’s safe to say that Bitcoin’s dull days are behind the asset as it continued its bullish run to reach $11,000. Despite gaining against the dollar, most altcoins are trailing compared to Bitcoin, questioning the state of the altseason. Bitcoin Goes Into Uncharted 2020 Territory After finally breaking above $10,000, the question remained if BTC can maintain its price surge, especially when it came face to face with the significant resistance at $10,500. A daily close above would have validated the bull-run and indicate that Bitcoin has a new highest price level in 2020. Just a few hours ago, the…

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2020 Altseason Is Officially Confirmed: Binance’s Changpeng Zhao

According to the CEO of Binance, Changpeng Zhao, the 2020 altseason is officially confirmed while the lack of significant price movements from Bitcoin turned it into a “stablecoin” as we are reading more in the following altcoin news. Changpeng Zhao, the CEO of the leading crypto exchange Binance believes that there’s an ongoing altcoin season on the crypto market as in a recent interview he noted the Bitcoin’s increased stability joking that it became a stablecoin now. During the past few weeks, the altcoin market boomed with the double-digital increases across the chart. These events pushed cryptocurrencies such as Chainlink’s…

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Alt-Season 2020 Is Officially Confirmed, Says Binance CEO Changpeng Zhao

Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market. In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now. CZ Suggests An Altcoin Season During the past several weeks, the altcoin market has boomed with double-digital increases charted almost daily. These events pushed cryptocurrencies such as Chainlink’s LINK to new highs. The DeFi sector also received a substantial popularity boost, and some representatives have marked quadruple increases in a few months. Consequently, the community often speculates that there’s an…

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