The crypto market is witnessing early signs of a brewing altcoin season. Ether (ETH) has been outperforming bitcoin (BTC), a sign that investors are beginning to rotate capital from the latter to the former. According to a weekly CryptoQuant report, a continuation of the current market trend could lead to a full-blown altseason, where bitcoin…
Bitcoin’s gradual ascent after its Friday plunge to a two-week low continues as the asset has risen to just over $118,000 over the past 12 hours or so. Although most altcoins are somewhat sluggish on a slow Sunday, a few have tapped multi-month peaks, such as Cronos (CRO). BTC Taps $118K Bitcoin’s latest all-time high,…
Bitcoin’s sudden nosedive on Thursday evening and most of Friday has finally stopped as the asset bounced off and recovered three grand from bottom to top. The altcoins are also well in the green today, with ETH jumping back above $3,700 and SUI marking a notable double-digit surge. BTC Reclaims $117K The primary cryptocurrency was…
Another volatile and eventful week passed by in the cryptocurrency markets, but the overall sentiment is that the winds are changing as altcoins have emerged in the spotlight. This is mostly because bitcoin has started to lose traction. Recall that the primary cryptocurrency skyrocketed to a new all-time high at the beginning of last week…
On-chain data analyzed by the market intelligence firm CryptoQuant has revealed that retail Bitcoin players are almost nowhere to be found amid the latest rally. Larger investors, however, are driving the surge. According to the report, this cycle is different from previous ones because retail investors are selling, while large players are buying. Retail Investors…
Bitcoin continues to try to take down the $120,000 level, but the resistance is too strong for now, and the asset has slipped by two grand since its peak earlier today. In contrast, several altcoins have posted impressive gains over the past day, including BNB, which shot up to a new all-time high of $800….
Following bitcoin hitting its current all-time high (ATH), long-term holders (LTHs) have been collecting profits. This comes as the cryptocurrency consolidates to cool off from the latest rally. The intensity of profit-taking from LTHs raises speculation that the market may have reached a peak for this cycle. However, Gaah, a pseudonymous analyst at the market…