A Different Look at Crypto Market and Top Assets, How Dominated Is It?

With Bitcoin regaining market dominance of over two-thirds of the entire combined cryptocurrency capitalization, discussions regarding market share of prominent altcoins have largely left the dominant cryptocurrency discourse. Here is a different outlook on the market and on how the top cryptocurrencies stack up with the rest. Market dominance flows from alts to BTC since 2018 Market dominance between the top cryptocurrencies by market capitalization has changed over the last year. As of Aug. 19, 2018, as seen in the chart below, the three largest coins comprised 71.95% of the combined…

Biggest Crypto Hedge Funds and What They Tell About the Market

The total market cap for all cryptocurrencies stands at $293 billion, and while much of this value has been generated by individual traders buying and selling their own private stashes of crypto, it’s also largely the result of big investment funds. These are companies that have crypto assets under management worth as much as $1 billion or upward, with most of them qualifying as the whales the cryptocurrency community often talks about after every market movement. Yet, aside from simply trading Bitcoin, Ether or many other cryptocurrencies, funds also often invest venture…

Crypto Market Sends Mixed Signals as Ether and Bitcoin Price See Green

Friday, Aug. 16 — Bitcoin (BTC) and Ether (ETH) are seeing some upward movement as XRP continues to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,480 at press time, representing a 4.58% price increase on the day. Bitcoin is seeing some momentum for an upward climb, peaking at $10,500 so far and continuing to stay away from the four-figure mark it fell to yesterday. Still, BTC needs to climb by about 15% to retake the $12,000 barrier, which it surpassed multiple times earlier this month. Earlier today, anticipated…

Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, XLM, EOS, TRX Analysis

The total crypto market cap declined to $242.0B and is currently correcting higher. Bitcoin price is currently correcting higher and is trading above the $10,200 level. BCH price stayed above the $300 support and it is currently near the $310 level. EOS price is currently consolidating above the key $3.500 support area. Stellar (XLM) price is slowly recovering higher towards the $0.0700 and $0.0720 resistance levels. Tron (TRX) price is trading in a strong downtrend below $0.0200 and $0.0180. Bitcoin (BTC) and the crypto market cap are recovering towards key…

Bitcoin Price Shows Signs of Recovery as Altcoin Market Stays Red

Thursday, Aug. 15 — Bitcoin (BTC) is seeing some upward movement as Ether (ETH) and XRP continue to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,407 at press time, representing a 0.82% price increase on the day. Bitcoin has ranged from just under $10,000 to over $12,000 this month and had most recently been on a downward streak. However, after bottoming out around $9,700 today, BTC has turned around to retake the $10,000 barrier and push beyond. Bitcoin 7-day price chart. Source: Coin360 The number two cryptocurrency, ETH,…

Bitcoin & Crypto Market Cap Nosedived: LTC, BNB, BCH, TRX Analysis

The total crypto market cap extended its decline and broke the key $265.0B support area. Bitcoin price is down more than 5% and it tested the $10,000 support area. Binance coin (BNB) price broke the key $28.50 support level to move into a bearish zone. Litecoin (LTC) price is down 10% and it broke the key $80.00 support area. BCH price declined heavily below the $330 and $320 support levels. Tron (TRX) price tumbled below $0.0200 and even broke the $0.0185 support level. The crypto market cap and bitcoin (BTC)…

Bitcoin Is a Geopolitical Turmoil Indicator, Says Market Researcher

Co-founder of market research firm DataTrek Research Nicholas Colas says that Bitcoin (BTC) is a geopolitical turmoil indicator. Bitcoin as a market indicator In an interview with CNBC published on Aug. 14, Colas claimed that Bitcoin was one of the few assets of which the price predicted Hong Kong’s protests and the consequent local capital flight.  When the interviewer asked him whether he believes that Bitcoin is a safe haven asset, he said: “We are definitely seeing that, and really are perked up around the Hong Kong protests and some…

Crypto Market Cap & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap declined further and broke the $280.0B support area. Bitcoin price is down more than 6% and it recently traded below the $10,800 support. Litecoin (LTC) price is holding the key $85.00 support area and is trading in a range. BCH price performed nicely and jumped more than 5% to break the $340 resistance. Tron (TRX) price is grinding lower towards the $0.0200 support level. Cardano (ADA) price is currently recovering above the $0.0525 resistance level. The crypto market cap and bitcoin (BTC) are extending losses…

Cryptocurrency Market Sees Red as Bitcoin Slumps Below $11,000

Tuesday, Aug. 13 — Bitcoin (BTC), Ether (ETH) and XRP continue to bleed amid a crypto market turning red.  Market visualization. Source: Coin360 Bitcoin is trading at $11,005 at press time, with a 3.83% loss on the day. Bitcoin broke $12,000 three days in a row, from Aug. 6 to Aug. 8., but never managed to hold these highs for a significant period of time. Then on Saturday, Aug.10, BTC price fell by about $400 in just an hour. Price has continued downward since then, and has even dipped below…

Bitcoin Price Craters Below $11,000 as Trump Stuns Market

The bitcoin price careened below $11,000 after the Trump administration stunned the market by delaying new tariffs on China. | Source: REUTERS/Leah Millis/Shutterstock; Edited by CCN The bitcoin price slid below the $11,000 mark for the first time in more than a week on Tuesday, as the flagship cryptocurrency’s burgeoning inverse correlation with the S&P 500 came back to bite investors. Bitcoin Price Careens Below $11,000 Bitcoin had entered the day trading sideways in the low $11,000s, where it had more or less languished since the Saturday sell-off that followed…