Bitwise Investments reiterates its conviction in Bitcoin’s long-term trajectory, maintaining a price target of $200,000 driven primarily by increasing institutional adoption. The firm points to strong institutional interest as a fundamental driver sustaining this bullish outlook, attributing Bitcoin’s resilience during… Read More »Bitwise Stands Firm on $200,000 Bitcoin Target Despite Market Fluctuations
Bitcoin dominance has surged to 66%, testing a key technical resistance level unseen in over four and a half years. This milestone reflects intensifying investor preference for Bitcoin over alternative cryptocurrencies as bearish sentiment grips the altcoin market. The current… Read More »Bitcoin Dominance Hits 66%, Signaling Potential Crypto Cycle Shift Amid Altcoin Weakness
Altcoins have seen significant underperformance relative to Bitcoin, approaching lows not observed since early 2019. Recent data indicates altcoins lagged Bitcoin by 8% to 10% over a rolling 90-day period. The $TOTAL2 index, tracking the total altcoin market capitalization excluding… Read More »Altcoins Hit Multi-Year Lows Against Bitcoin, Technical Support Suggests Potential Rebound
Cryptocurrency analysts are urging disciplined trading approaches for altcoins as Bitcoin’s market dominance continues to constrain broader recovery efforts across the sector. The recommendations follow prolonged pressure on altcoin valuations despite recent gains in aggregate market capitalization. Trading group Stockmoney… Read More »Experts Advocate Disciplined Altcoin Strategies Amid Persistent Bitcoin Dominance
Current market analysis reveals Bitcoin’s significant outperformance relative to altcoins, as indicated by the Altcoin Season Index. With a reading of 21, fewer than one-quarter of leading alternative cryptocurrencies have surpassed Bitcoin’s performance over the past 90 days. The crypto… Read More »Bitcoin Dominates Crypto Landscape as Altcoin Season Index Signals Investor Preference for BTC
Recent data from the Altcoin Season Index indicates Bitcoin exhibiting significant dominance over the broader cryptocurrency market, influencing investor strategies and capital flows. The index, currently at a reading of 24, highlights how Bitcoin has outperformed the vast majority of… Read More »Bitcoin Dominates Market as Altcoin Season Index Signals Reduced Altcoin Strength
Bitcoin’s market dominance has climbed to 65%, a significant rise from 55%, intensifying pressure on alternative cryptocurrencies. This shift reflects a broader contraction in the altcoin market, with most digital assets underperforming the market leader. Technical indicators reinforce Bitcoin’s strength,… Read More »Bitcoin Dominance Surges to 65% as Altcoins Struggle, Hyperliquid Defies Trend with 200% Gain
The cryptocurrency market remains firmly in a ‘Bitcoin Season,’ according to the latest reading of the Altcoin Season Index. Currently standing at 31, this level indicates Bitcoin has significantly outperformed the majority of alternative cryptocurrencies (altcoins) over the last 90… Read More »Altcoin Season Index Signals Bitcoin Dominance, Creating Challenging Near-Term Environment for Altcoins