Crypto Altcoins May Tumble as BTC Dominance Looks to Break Key Resistance

After days of stagnation, the crypto market finally broke higher on Wednesday. In the past 24 hours, Bitcoin has gained 4%. Most altcoins have registered similar gains over that same time frame. Signs are growing that this bull trend will continue, with BTC bouncing off key supports during the recent retracement. But as cryptocurrencies scale […]

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Bitcoin Dominance Registers “Golden Cross” in Blow to Altcoins

Aside from a few stragglers, as Bitcoin has rallied over the past few weeks, so to have altcoins. Ethereum is up more than 100% from the $88 lows of March, while XRP has nearly doubled, crossing $0.20 after falling as low as $0.115 during the “Black Thursday” crash. Bitcoin, however, may soon begin to diverge […]

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‘Twitter Hype Index’ Mirrors Cryptocurrency Market Cap, New Data Shows

The DataLight Hype Index shows Bitcoin leads the way in terms of popularity on Twitter with the results of the ranking closely mirroring the position of cryptocurrencies based on market cap. Bitcoin is King of ‘Crypto Twitter’ According to a recent report by DataLight, Bitcoin occupies the top position in the Twitter Hype Index – […]

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Why Bitcoin Dominance Dropping to 7-Month Low is Bullish for Price

The Bitcoin (BTC) market capitalization dominance currently being at its lowest level in seven months is not exactly bad news. Why? Because the lowest Bitcoin dominance indices have historically coincided with a higher bitcoin price.  Bitcoin Dominance Slips Despite Price Gain According to CoinMarketCap data, the BTC market dominance now stands at 50.8 percent. This […]

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