Tags : dominance

Bitcoin

You can soon bet on Bitcoin’s dominance against other cryptos

A new product by crypto exchange Binance will soon allow traders to bet on Bitcoin’s increasing or decreasing share of the crypto market, it said in a release today. #Binance Futures Will Launch USDⓈ-M BTCDOM Perpetual Contracts with Up to 25X Leverage ➡️ https://t.co/RXkPj89lO0 pic.twitter.com/pmsDTo6v31 — Binance (@binance) June 17, 2021 Offered under the ‘BTCDOM’ […]Read More

Market

Bitcoin dominance cycle suggests the 2017 crypto rally could repeat

For the purposes of historical comparison, it’s also worth noting that the pattern of the dominance chart currently looks much like it did during the earlier part of 2017. As the markets have gone into meltdown since May 12, Bitcoin (BTC) dominance has fluctuated dramatically, bucking 2021’s prevailing trend. Before the sell-off started in earnest, […]Read More

Market

North American crypto miners prepare to challenge China’s dominance –

Springtime is coming to the North American cryptocurrency mining industry. With access to robust capital markets, cheap power, a stable political climate and increasing participation of technological innovators, industrial-grade mining operations are burgeoning in the United States and Canada, providing competition to Chinese mining pools that now control more than half of the world’s hashing […]Read More

Market

North American crypto miners prepare to challenge China’s dominance –

Springtime is coming to the North American cryptocurrency mining industry. With access to robust capital markets, cheap power, a stable political climate and increasing participation of technological innovators, industrial-grade mining operations are burgeoning in the United States and Canada, providing competition to Chinese mining pools that now control more than half of the world’s hashing […]Read More

Altcoin

Bitcoin Dominance Plummets while Altcoins Outperform

After grabbing the fintech world’s attention with an out-of-control rise to record prices, Bitcoin has been getting pounded this past week. 92% of altcoins have outperformed Bitcoin on the week. At the time of press, Bitcoin was down about 12% against the USD since its weekly open. This also marks a 25% drop from its […]Read More

Litecoin

Charlie Lee explains 45% Litecoin (LTC) rally in face of

Unlike what many traders expected, the past few weeks and months have been all about Bitcoin. While certain altcoins have enjoyed strong rallies, BTC has consistently moved higher, resulting in a long-awaited correction in the Bitcoin dominance metric. Per CoinMarketCap, the metric is up from the lows of 55 percent seen in the summer to […]Read More