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BTC Breaks ATH But Dominance Declines as ETH Eyes $2500 (Market Watch)

Following the latest all-time high just shy of $65,000 and a subsequent $4,000 retracement, bitcoin has calmed down around $63,000. However, its dominance continues to suffer and is below 53%. This comes amid an impressive increase from Ethereum, which neared $2,500 and marked yet another record of its own. Bitcoin’s ATH and $4K Turbulence As reported two days ago, the primary cryptocurrency had finally broken above its long-time nemesis at $60,000. Furthermore, the asset continued upwards to new all-time high levels on the same day at about $63,000. Yesterday seemed even more bullish as BTC added roughly $2,000 of value…

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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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Bitcoin’s Dominance Falls To 7-Month Low As Altcoins Surge

Bitcoin’s dominance falls to a 7-month low while we saw a crash in the BTC price of 10% in one day. This week, however, everything is different and the market is entering green pastures as we can see more in our latest BTC news. Bitcoin’s price is back where it was before the crash but it wasn’t able to recapture its former all-time high that was set a few weeks ago. BTC is now valued at $59,669 and with that said, the market dominance is at a seven-month low. Bitcoin’s dominance falls to a 7-month low as it was 72%…

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Bitcoin Dominance at 7-Month Low: Polkadot Soars 20% To New ATH (Market Watch)

Bitcoin’s inability to overcome $60,000 has caused him a massive chunk of its dominance in the past few weeks as the metric is down to a 7-month low well beneath 60%. In contrast, some altcoins have charted impressive gains, including new all-time high records for Ethereum and Polkadot. Polkadot’s ATH Takes it to 4th Place The past several days have been quite bullish for the altcoin market. Ethereum led the charge with several consecutive green daily candles, resulting in breaking above the coveted $2,000 once more yesterday. Furthermore, the second-largest cryptocurrency didn’t stop there and continue upwards for a new…

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Bitcoin Reclaims $55K: 10% Recovery In 48 Hours (Weekend Watch)

After several days of price slumps, bitcoin has bounced off and neared the $55,000 level. Despite this increase, though, its market dominance has suffered as most altcoins have added more value in a day. Ethereum has jumped to $1,700, BNB is above $250 again, and Cardano has increased to $1.20. BTC Recovers to $55K The past several days didn’t go well for the primary cryptocurrency. Following a pro-BTC announcement from Elon Musk’s Tesla, the asset spiked to above $57,000. However, the situation sharply reversed, and bitcoin headed south vigorously. In the next 48 hours, the cryptocurrency lost roughly $7,000 of…

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Here’s Why Altcoins Are “In Trouble” Despite Bitcoin’s Bullish Behavior

Bitcoin price today smashed back above $11,000 and is attempting to hold currently. The incredibly bullish price action following a retest of resistance turned support could have given bulls the confidence to push the crypto asset’s price much higher. But as bullish momentum builds in Bitcoin, altcoins have turned bearish. According to one crypto analyst, alts are “in trouble” no matter which direction the first-ever cryptocurrency heads next. Analyst: Bitcoin Is Bullish But Is Ready To ‘Rekt’ Alts Whatever Route It Takes Bitcoin has been the best-performing mainstream asset of 2020, beating out stocks, gold, and just about everything else.…

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$8 Billions Evaporated As Bitcoin Dominance Surges 2%

Bitcoin continues with its steady increase and reached an intraday high of $10,900. On the other hand, most alternative coins are losing substantial chunks of value, and BTC has increased its dominance over the market. BTC Nears $11K The primary cryptocurrency has been performing somewhat positive in the past few days. BTC marked a fresh 12-day high yesterday of above $10,700 and continued its positive movement to a new peak of $10,930 (on Binance). However, Bitcoin couldn’t maintain its run, and the bears briefly gained control and drove its price to $10,650. Yet, BTC bounced off that level and accelerated…

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Bitcoin Records 12-Day High As Equity Markets Recover (Market Watch)

Bitcoin’s 3.5% increase led to its highest price level in about 12 days, while also increasing its dominance over the market. The top 10 coins by market cap see more rotations, as some alts have followed BTC’s move upwards. Bitcoin Tops At $10,840 As reported yesterday, the primary cryptocurrency had issues with the resistance at $10,500. After a few attempts to overcome it, the asset got rejected and headed towards $10,250. Bitcoin attempted another leg up in the past 24 hours. This time, though, it appears to be more successful. BTC reclaimed the February 2020 top of $10,500 and continued…

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How One Line In Bitcoin Dominance Is Standing In The Way Of Alt Season

Bitcoin price may have just held and confirmed a critical bullish retest of $10,000 and “meme” downtrend resistance from all-time high. After such a bullish confirmation the leading cryptocurrency by market cap could soon soar. And if it does, BTC dominance could be signaling that altcoins are going to bleed out and into Bitcoin in the months ahead. But it all hinges on one line holding, which if lost, could send the crypto market into a full-blown alt season instead. BTCUSD Monthly Bullish Retest Holding Strong | Source: TradingView Bitcoin Holds Crucial Level, Will Capital Flow From Altcoins Into The…

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3 reasons why the Bitcoin dominance metric is a flawed indicator

Bitcoin dominance rate is a metric cited by many when forecasting altcoin and BTC rallies but is the indicator reliable? Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there's an argument that the market share indicator makes less sense as time goes by. One point to note is the staggering growth of the stablecoin industry. As Tether (USDT) and USD Coin (USDC) have seen their market capitalization explode over the past year, should they also be aggregated on…

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Bitcoin Dominance Slides Losing 10% in the Last 100 Days

Bitcoin’s Dominance Index has slid 10% from a high of 67% on May 10, to a low of 57% today. Despite the defi market shakeout, ethereum still captures 10% of the aggregate market capitalization of $330 billion. There’s been a number of changes in the top ten line up of coins, as bitcoin (BTC) has been losing dominance since May 10. Market dominance is the measurement of the top coins, in terms of market valuation, compared to the aggregate of all 6,700+ crypto coins. BTC has consistently commanded the top dominance level in the cryptocurrency economy and today it’s about…

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Taking a Break? Crypto Market Cap Lost $7B In Hours, as Bitcoin Rejected At $12,000

Bitcoin briefly jumped to above $12,000 but has retraced since then. In the last few hours, the entire market appears to be taking a break. Bitcoin Tested $12K To No Avail The past 24 hours have been rather impressive for the cryptocurrency field, with the entire market cap gaining over $15 billion from yesterday’s bottom at $374 billion to about $387 billion as of writing these lines. It even reached $394 billion a few hours back as Bitcoin spiked towards $12,000. The primary cryptocurrency marked an intraday high of about $12,060 (on Bitstamp). However, it failed to sustain its run…

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ETH Surges To New 2-Year High as BTC Nears $12,000 (Market Watch)

Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%. 2-Year High For ETH, Sushi Enters Top 100 Ethereum doubles-down on its recent price pump with another 10% increase. ETH now trades at $465, which is a 23% surge since bottoming at $380 last week. This is the highest level Ether has marked since the summer of 2018 and the community wonders if the second-largest digital asset can now top $500. Polkadot is among the…

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Five Signs Bitcoin Dominance Has Bottomed: Are Altcoins Headed To Zero?

Bitcoin is up well over 50% year to date, but altcoins have beaten out the first-ever cryptocurrency in 2020. Etheruem, for example, has tripled compared to the number one cryptocurrency, and several others hare outperformed by even more. But there are five, powerful high timeframe signals that could be suggesting that BTC dominance has bottomed, and altcoins are in for annihilation in the days ahead. Bitcoin Dominance Signals Bottom Is In, Are Altcoins Doomed? It is difficult to imagine, given just how strong altcoins have been performing in 2020. On the heels of the DeFi explosion, nearly all altcoins are…

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Hey Bitcoin, your dominance means nothing!

Since the start of 2020, Bitcoin market cap dominance has been challenged valiantly by the altcoins. Their performance, led by the likes of Ethereum, Chainlink, and Cardano, cannot be undermined, and neither can DeFi’s growth be ignored. Source: Arcane Research According to Arcane Research, Bitcoin’s dominance is currently at a yearly low since amassing a 70% dominance last summer. The last time BTC’s dominance was this low was in late May 2019. In early 2018, the asset’s dominance steeped to its lowest point at 35% but since the start of 2019, its grip over the market has been consistently above 50%.…

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Altcoins Bleeding Out As Bitcoin Heads Lower (Market Watch)

Most of the cryptocurrency market is in red today. Bitcoin tanked to $11,400 briefly, but large-cap alts are losing more substantial chunks of value, thus helping BTC to reclaim some ground in terms of market domination. Bitcoin Drops Further BTC looked promising yesterday as the asset headed for another face-off with its well-known nemesis at $12,000. It hovered just beneath it for a while, but the bears took control and didn’t allow even to touch that psychological level. In the next few hours, the primary cryptocurrency started dumping in value and has lost about 4% to its daily low of…

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Market Watch: OmiseGO (OMG) Spikes 100%, Bitcoin Price Flat

The cryptocurrency market has recovered from some of the losses it registered in the past few days. Bitcoin is up by 1%, while some altcoins are marking impressive double and even triple-digit gains with OMG Network leading the pack. Altcoins With Massive Moves The altcoin market became accustomed to significant fluctuations, and the past 24 hours don’t disappoint. One alt stands above all – OMG Network. OMG has exploded in value in the past few weeks and especially since yesterday, when the company announced that the most widely used stablecoin, Tether (USDT), will utilize its blockchain. OMG traded at $1.5…

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Bitcoin Loses $900 Amid Crypto Markets Collapse (Price Watch)

Bitcoin’s run above $12,000 was short-lived as the asset has tanked by 4% in the past 24 hours to $11,800. However, BTC’s dominance over the market has increased slightly as most altcoins have plummeted as well. Bitcoin Fails To Stay Above $12K Bitcoin’s latest attempt to conquer $12,000 seemed successful at first glance, unlike the previous ones, when it dumped almost immediately after breaking above it. However, the situation reversed yesterday after a sudden price drop to $11,800 (on Binance). Although the asset managed to recover some of its losses initially and headed above $12,000 again, the bears quickly regained…

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Altcoins Set to Underperform? Bitcoin Dominance Prints Reversal Signal

While Bitcoin has performed well in recent weeks, some altcoins have done even better. Take the example of Chainlink (LINK), which has almost doubled in the past month. With many altcoins outpacing BTC, the Bitcoin dominance metric has plunged. Bitcoin dominance is the percentage of the crypto market made up of BTC. Despite the drop, an indicator predicts a bearish reversal for altcoins. Bitcoin continuing to undergo volatility could further suppress the bullish altcoin narrative. Analysts are currently expecting more BTC volatility in the days ahead, citing indicators like the Bollinger Bands. Bitcoin Dominance Set to Reverse: TD Sequential Bitcoin’s…

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Bitcoin Dominance Readies Deadly Blow Against Altcoins, Indicator Says

Bitcoin is up over 70% year to date and its recent break through resistance at $10,000 helped propel altcoins toward even stronger ROI. Several altcoins are up well over a few hundred percent, beating out the first-ever cryptocurrency by a wide margin. This all could soon reverse according to a handful of signals on BTC dominance charts, causing Bitcoin to vastly outperform the rest of the crypto market. Altcoins Outperform Bitcoin in 2020 After Last Year’s Crypto Market Capitulation Bitcoin is the first-ever cryptocurrency and anything that came after it is considered an altcoin, or a stablecoin. Stablecoins are backed…

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