A widely followed crypto analyst is leaning bullish on altcoins as Bitcoin (BTC) hovers below the $100,000 psychological level. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 236,200 followers on the social media platform X that altcoins are due to explode over the coming weeks. According to Sherpa, one catalyst that […]
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Bitcoin ETFs see record $671.9M outflows on Dec. 19, coinciding with Bitcoin’s price dip and marketwide liquidations.
Bitcoin exchange-traded funds (ETFs) faced a significant sell-off on Dec. 19, reaching net outflows of a record $671.9 million, marking the largest single-day outflow event of the year.
According to Farside Investors data, the largest outflows came from Grayscale’s GBTC, shedding $208.55 million, followed shortly by ARK Invest’s ARKB, which fell $108.4 million.
The fallout of these outflows aligns with a fall in Bitcoin’s (BTC) price as it hovers around $96,409 and coincides with more than $1 billion being liquidated from the market in 24 hours.
Analysts are expecting Ether and altcoins like XRP to stage a significant rally leading into Trump’s inauguration on Jan. 20, which also marks the last day of SEC Chair Gensler.
Bitcoin dominance has printed a significant signal for altcoin investors, that could see smaller cryptocurrencies rally during December and attract more investments ahead of Jan. 20.
Bitcoin (BTC) dominance, which measures the ratio of Bitcoin to the total value of the crypto market, has fallen to 56.1%, below its two-year support line, signaling that the market is “officially in altseason,” wrote popular analyst Mikybull Crypto, in a Nov. 30 X post.
In crypto slang, altseason, short for altcoin season, refers to the collective rally of cryptocurrencies besides BTC, which tend to benefit from Bitcoin’s declining dominance.
The founders of analytics firm Glassnode are predicting that Bitcoin (BTC) will soon print fresh all-time highs for one key reason. Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,200 followers on the social media platform X that Bitcoin may surge if the US Dollar Index (DXY) starts to decline […]
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If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.
Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP).
On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500.
If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.
Bitcoin rallied 6.15% on Nov. 10 to reach another new all-time high of $81,358.
The Crypto Fear and Greed Index, which measures market sentiment for Bitcoin and other cryptocurrencies, hit its highest level of “greed” in nearly seven months on Nov. 10 as Bitcoin crossed $81,000.
The index notched a score of 78 out of 100 — in the “Extreme Greed” zone, the highest it’s been since April 12 — when Bitcoin was trading around $70,000 and the 2024 halving event was fast approaching.
Crypto Fear & Greed Index score. Source: Alternative.me
A widely followed crypto analyst says that Ethereum (ETH) is in the final stages of its decline against Bitcoin (BTC). In a new strategy session, crypto trader Benjamin Cowen tells his 819,000 YouTube subscribers that based on historical patterns, the top altcoin appears as if it’s about to break out against the crypto king. According […]
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Popular crypto analyst Willy Woo says that the altcoin market cap “is like the cricket bat that has had 10 new handles and 10 new blades.”
Crypto altcoin seasons will probably keep coming, much to the delight of speculative crypto punters, but the intensity of returns will taper off as the market matures, according to a crypto analyst.
“Alt seasons will be weaker each cycle on from the great 2017 alt bubble,” pseudonymous crypto trader Willy Woo opined in an Oct. 26 X post, referencing the year when the “boom” of initial coin offerings (ICOs) — a way to raise capital for a project by selling cryptocurrencies — began.
Willy Woo clarified he’s not saying there won’t be alt seasons, noting that there will “certainly” be mid-cap and low-cap cryptocurrencies “pumping” after Bitcoin’s (BTC) price surges, as “investors chase returns higher up on the risk curve.”
Strong altcoins look poised for a move up, according to a top crypto analyst. The pseudonymous crypto trader known as Pentoshi tells his 809,600 followers on the social media platform X that the digital asset market is currently in an important spot for altcoins. “I personally like the structure or basing taking place. It looks […]
The post Another Move Higher for Altcoins on the Table As ‘Constructive’ Price Action Unfolds, According to Top Analyst appeared first on The Daily Hodl.
Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of […]