BTC price stability wobbles in what appears to be a knee-jerk response to erroneous Bitcoin dominance data.
Bitcoin saw volatility on Dec. 26 as markets appeared to react to false TradingView chart data.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Data from Cointelegraph Markets Pro recorded snap Bitcoin (BTC) price losses of around 4%, ending cool Christmas trading conditions.
Ethereum’s relative strength to Bitcoin could climb in January, which an analyst says might trigger an Ethereum “altcoin run.”
Ether is showing signs of breaking out relative to Bitcoin in January 2025, according to a crypto analyst.
TradingView shows Ether’s (ETH) relative strength to Bitcoin (BTC) — the ETH/BTC ratio — is currently at 0.0356, and MN Capital founder Michael van de Poppe said in a Dec. 24 X post that he “wouldn’t be surprised if $ETH / $BTC breaks through 0.04 in January.”
The last time the ETH/BTC ratio tapped 0.04 was on Dec. 8, when ETH traded just above the $4,000 psychological price level at $4,018.
Crypto investors might be shifting their mindset and may not always turn to Bitcoin as a haven during market uncertainty, Bitfinex analysts suggest.
Altcoins have remained fairly strong despite Bitcoin’s recent downturn, suggesting investors might be adjusting how they safeguard their capital during market uncertainty, analysts say.
“The shift hints at a potential regime change where investors are exploring value in altcoins, diverging from the typical pattern of flocking to Bitcoin during downturns,” analysts from crypto exchange Bitfinex said in a Sept. 9 report.
“Altcoin markets have shown resilience,” it added.
Bitcoin’s dominance in the crypto market is “now losing major support” and has potentially even “peaked,” according to crypto analysts.
Bitcoin’s market share has dipped slightly, leading crypto analysts to speculate that it may have reached its peak as traders shift their focus to altcoins.
“Bitcoin dominance has likely peaked,” founder of trading firm MNTrading Michaël van de Poppe claimed in a May 1 X post while explaining that “the bottom for altcoins is likely in.”
“Altcoins start to wake up in their Bitcoin pairs, which means that the rotation is started,” he added.
In an analysis posted on Tradingview, cryptocurrency analyst Tradingshot presents a view where bitcoin might cross the $330,000 threshold. Utilizing a blend of historical pattern disruptions and the Theory of Diminishing Returns (TODR), the market analyst posits that the upcoming cycle may break from the traditional pattern of lesser yields. Bitcoin’s Journey Towards a Possible […]
Social trading company Etoro has partnered with Twitter to will allow users of the microblogging platform to invest in cryptocurrencies and other assets. The move is viewed as a step towards turning the social media into a “super app,” a mission under Musk, providing financial and a range of other services. Musk’s Twitter Cashtags to […]
PRESS RELEASE. VICTORIA, Seychelles — Bitget, a leading crypto derivatives exchange and copy trading platform, has announced direct integration with TradingView, a charting and trading platform used by millions of traders worldwide. The given addition will further expand the usability of Bitget’s service, offering users the chance to trade crypto without leaving the TradingView interface […]
A closely followed crypto analyst says that leading digital assets Bitcoin (BTC) and Ethereum (ETH) are showing bullish movements but now face critical resistance levels. In the latest issue of the Technical Roundup newsletter, Cred says that Bitcoin could potentially pull back between $38,000 and $40,000 as it moves from support to resistance. “Bitcoin/Dollar is […]
The post Crypto Analyst Says Bitcoin (BTC) and Ethereum (ETH) Look Bullish, but Pullbacks Now in Play appeared first on The Daily Hodl.
Financial charting provider TradingView secured $298 million in a new funding round led by Tiger Global.
TradingView, the price charting platform used as a reference for price movements of cryptocurrencies and other assets, has secured $298 million in a funding round to attain a $3-billion valuation.
Led by TradingView’s new investor, Tiger Global, the funding follows a strong growth of the platform’s user base, mostly retail investors, during the pandemic. According to the announcement, TradingView experienced a 400% increase in new accounts and a 237% increase in visitors in the last 18 months.
TradingView CEO and co-founder Denis Globa highlighted Tiger Global’s expertise in fintech, adding that the partnership would contribute to informed financial trading.
Established in 2011, the platform enables over 30 million monthly users in 180 countries to access price charts of assets such as cryptocurrencies, stocks and futures.
“We built this company with the belief that people everywhere want the same thing: to be in control of their own economic futures,” Globa said, adding, “We work towards this by creating an environment where all traders and investors can look first, then leap.”
Related: Elliptic raises $60M to advance crypto analytics service
The company said that TradingView aims to bolster its broker relationships with partnerships and integrations with major brokerage firms in a bid to enable visitors to trade directly from the platform.
Tiger Global’s Alex Cook said that TradingView’s global standing among retail investors positions the company “to be the default social network and financial analysis platform used by all traders and investors.”
A known investor in crypto, Tiger Global recently led another mega-funding round. Together with Coatue Management, the venture capital has invested $400 million into the crypto payments startup MoonPay.
On September 28, reports stemming from social media and crypto-focused forums detailed that China has been blocking a number of cryptocurrency websites. The Twitter handle for 8btc News tweeted that the web portals coinmarketcap.com and coingecko.com have been blocked from mainland China. The ‘Great Firewall,’ as it is often called, has also blocked a number […]
