Tag: AltCoin
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As Bitcoin’s price stabilizes, altcoins outperform.
The rise in altcoins suggests a greater appetite for risk among traders. After4 percent drop in the previous week, Bitcoin’s price is beginning to stabilize. According to technical indicators, the cryptocurrency was trading around $57,000 at press time and could rise to $60,000-$63,000 in the near future. Due to the Thanksgiving holiday in the United States on Thursday, analysts expect trading volumes to fall this week. “Over the last three years, we’ve had downward volatility every time around this holiday,” CryptoQuant wrote in a blog post. “This could be due to end of month rotations, options/futures expiries, and rebalancing.” Bitcoin has increased by about 3% in the last 24 hours, while ether has increased by 8%. Latest prices Bitcoin (BTC): $57,854, +3.83% Ether (ETH): $4,382, +8.32% S&P 500: $4,690, +0.17% Gold: $1,791, -0.99% 10-year Treasury yield closed at 1.68% Fear in the market has increased.The bitcoin Fear & Greed index is at its lowest point since…
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Instead of Bitcoin, here’s what you should have bought last week.
Altcoins normally follow Bitcoin, but the most savvy crypto traders can convert BTC dips into buying opportunities.We’ve previously stated that the relationship between Bitcoin’s price and the market capitalization of hundreds of altcoins is illogical.Bitcoin have very little in common with Ethereum, Shiba Inu, or FTX’s native exchange token, whether you consider Bitcoin is digital…
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EOS Price Soars 30% amid Wider Market Rally
The EOS price leaped by more than 30 percent on Wednesday, headlining a rally that saw the cryptocurrency market cap swell by more than $6 billion. EOS Price Headlines Market Rally with 30 Percent Surge On Wednesday, the EOS price exploded by an eye-popping 33 percent, outpacing every other top 100-cryptocurrency. At present, EOS is…
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BTC Below $7,000 As Crypto Markets See Modest Downward Trend
April 5: Bitcoin (BTC) has dropped slightly below $7,000 today, following on the heels of a weak second quarter start for the traditional markets. BTC is currently trading for around $6,811, down almost 4 percent over a 24 hour period to press time. This week had seen BTC’s price consistently above $7,000, so today’s lower price could be…
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What’s Up With the Paragon ICO?
Another outlet has an interesting piece about Paragon, the rapper-endorsed, apparently-marijuana-related ICO that has everyone talking. According to this outlet, we’d not heard of before: Information about Paragon Coin is very sketchy. It is quite difficult to decipher the meaning of Paragon Coin and what it is intending to do. However, reference to the Cannabis plant is…