The bitcoin dominance rate has climbed amid increasing turbulence in crypto markets, and more lately as the price of bitcoin also reached a nine-month high.
Bitcoin (BTC) is dipping slightly below $20,000 after the Ethereum Merge was completed Thursday. With bitcoin’s dominance also slipping to 40%, many are suggesting that ether (ETH) could one day surpass bitcoin in market cap. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
CoinDesk Markets Reporter Damanick Dantes shares insights into trends in bitcoin’s price as the cryptocurrency’s dominance over the crypto market soars and investor interest in the alts wanes. Plus, the bitcoin-stock market decoupling and BTC’s support/resistance levels to watch.
Forex com Global Head of Research Matt Weller breaks down bitcoin’s MVRV market value to realized value ratio discussing why we could be in for more pain in BTC and the wider crypto ecosystem before a solid bottom forms Plus insights into BTC s Mayer Multiple and dominance charts and what they reveal about the [...]
Bitcoin is poised to extend its losing streak to a record eight weeks. “All About Bitcoin’s” Week in Review panel discusses this week’s biggest bitcoin news, including the Fed’s hawkish remarks, bitcoin dominance soaring to 7-month highs, price levels to watch, the Terra crash and bitcoin mining.
Bitcoin dominance, a measure of BTC’s percentage of total crypto market capitalization, is advancing 1% today and is up ~10% since the collapse of Terra’s LUNA and UST. What does this mean for bitcoin’s bull case? “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Chainalysis Co founder CEO Michael Gronager discusses the on chain trends his firm is tracking for insights into UST unravelling What does the data tell us about the role of institutional investors in UST s collapse and the wider crypto markets Plus BTC dominance Chainalysis raising 170 million doubling its valuation to 8 6 billion [...]
Bitcoin (BTC) was trading in a tight range between $43,000 and $44,000 over the past 24 hours. Support is nearby, which could limit pullbacks over the short term, CoinDesk’s Markets Analyst Damanick Dantes explains. He adds that traders are looking forward to March’s pending rate hikes by the Federal Reserve.