Currencies34630
Market Cap$ 4.15T+1.35%
24h Spot Volume$ 80.96B+7.72%
DominanceBTC54.21%+0.48%ETH13.35%-1.48%
ETH Gas0.33 Gwei
Cryptorank

Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So


by Olivia Stephanie
for CryptoPotato
Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So

TL;DR

  • Bitcoin’s dominance climbs off key support, hinting at renewed strength into September and October.
  • Altcoins may underperform as Ethereum-led rallies show signs of topping out this quarter.
  • Analysts expect Bitcoin to regain control as liquidity exits altcoins in the coming weeks.

Bitcoin Dominance Rebounds After Trendline Support

Bitcoin’s share of the crypto market has started to rise again. The Bitcoin Dominance (BTC.D) index recently bounced off a key trendline that’s held firm since early 2023. It now sits above 58%, following weeks of decline. This rebound may signal the end of altcoins’ recent run.

Read the article at CryptoPotato

Read More

2 Reasons Why Bitcoin (BTC) Might Sink Deeper in the Short Term

2 Reasons Why Bitcoin (BTC) Might Sink Deeper in the Short Term

BTC is currently 11% down from its all-time high of over $124,000, which was reached ...
Is the Bitcoin Bull Market Cycle Coming to an End? Analysts Weigh In

Is the Bitcoin Bull Market Cycle Coming to an End? Analysts Weigh In

There has been a lot of debate recently about the end of the four-year crypto market ...

Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So


by Olivia Stephanie
for CryptoPotato
Is Bitcoin About to Drain the Life Out of Altcoins? Analyst Thinks So

TL;DR

  • Bitcoin’s dominance climbs off key support, hinting at renewed strength into September and October.
  • Altcoins may underperform as Ethereum-led rallies show signs of topping out this quarter.
  • Analysts expect Bitcoin to regain control as liquidity exits altcoins in the coming weeks.

Bitcoin Dominance Rebounds After Trendline Support

Bitcoin’s share of the crypto market has started to rise again. The Bitcoin Dominance (BTC.D) index recently bounced off a key trendline that’s held firm since early 2023. It now sits above 58%, following weeks of decline. This rebound may signal the end of altcoins’ recent run.

Read the article at CryptoPotato

Read More

2 Reasons Why Bitcoin (BTC) Might Sink Deeper in the Short Term

2 Reasons Why Bitcoin (BTC) Might Sink Deeper in the Short Term

BTC is currently 11% down from its all-time high of over $124,000, which was reached ...
Is the Bitcoin Bull Market Cycle Coming to an End? Analysts Weigh In

Is the Bitcoin Bull Market Cycle Coming to an End? Analysts Weigh In

There has been a lot of debate recently about the end of the four-year crypto market ...