Market

Bitcoin dominance hits 3-month high as ‘hammered’ altcoins risk dive Bitcoin’s dominance of the cryptocurrency market has reached a three-month high, as investors flee riskier altcoins. Bitcoin’s market cap dominance, which is calculated by dividing its market cap by the total market cap of all cryptocurrencies, hit 51.35% on Oct. 9, 2023. This is the…

Bitcoin analysts look to November as price action looks to mirror past cycles Bitcoin (BTC) analysts are looking to November as a key month for the cryptocurrency, as price action looks to mirror past cycles. Historically, Bitcoin has seen strong performance in November. In 2013, Bitcoin’s price increased by over 500% in November. In 2017,…

BTC price rally in doubt? Bitcoin young supply echoes 2022 bear market Bitcoin (BTC) has been on a tear in recent months, rallying by over 100% since the beginning of 2023. However, some analysts are now warning that the rally may be in doubt, as on-chain data shows that the supply of young Bitcoin is…

Why is XRP price down today? XRP is a cryptocurrency that is designed to be used as a global payment system. It is the native cryptocurrency of the Ripple network, which is a distributed ledger technology (DLT) platform that is used to settle cross-border payments. XRP has been one of the most volatile crypto market…

Bitcoin Price Could Hit $750K to $1M by 2026 — Arthur Hayes Arthur Hayes, the co-founder and former CEO of cryptocurrency exchange BitMEX, has made a bold prediction for the future of Bitcoin, stating that he believes its price will soar to $750,000 to $1 million by 2026. This would represent a more than 2,000%…

Bitcoin Price at Risk? US Dollar Index Confirms Bullish ‘Golden Cross’ Bitcoin and US Dollar Index charts The US Dollar Index (DXY) has confirmed a bullish “golden cross” pattern, which could pose a challenge to Bitcoin (BTC) and other cryptocurrencies. A golden cross is a technical analysis pattern that occurs when a short-term moving average…

Robinhood Accumulates $3B of Bitcoin in 3 Months — What Does This Mean for Markets? Robinhood, the popular stock trading app, has accumulated over $3 billion worth of Bitcoin (BTC) in the past three months, according to data from Arkham Intelligence, a blockchain analytics firm. This makes Robinhood one of the largest holders of Bitcoin…

Crypto Builders Should ‘Give Up’ Serving US Customers for 5-10 Years — DYdX Founder Antonio Juliano, the founder of decentralized exchange dYdX, believes that crypto builders should focus on serving markets outside the United States for the next five to ten years. He argues that the regulatory uncertainty in the US is not worth the…

Google Searches for ‘Crypto’ Fall to 2020 Levels as BTC Sentiment Neutral Google searches for the term “crypto” have fallen to 2020 levels, according to data from Google Trends. This suggests that interest in cryptocurrency is waning, as the market remains in a bear trend. Bitcoin (BTC) sentiment is currently neutral, according to the Fear…