Bitcoin ETF Approval Expected by Month’s End, Prominent Hedge Fund Puts More Weight Behind BTC

Bitcoin ETF Approval Expected by Month's End, Prominent Hedge Fund Puts More Weight Behind BTCThe price of bitcoin soared past the $55K handle on Wednesday for the first time in four months giving proponents hope the crypto bull run has been re-ignited. Speculators are predicting a bitcoin exchange-traded fund (ETF) will be approved soon and some believe bitcoin will outperform other crypto assets this month. ETF Analyst Eric Balchunas […]

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Bitcoin Touches $17K Price Zone, BTC Dominance Levels High, Altcoins Still Way Behind

Bitcoin Touches $17K Price Zone, BTC Dominance Levels High, Altcoins Still Way BehindOn November 17, the price of bitcoin touched another 2020 all-time high (ATH) when the crypto asset surpassed the $17k price zone on Tuesday. Bitcoin dominance has risen higher during the last few months and currently hovers at 65% this week. Despite the massive rise in bitcoin value during the last few months, altcoins are […]

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Altseason Imminent: ‘Most Altcoins Should Gain on Bitcoin Soon,’ Says Veteran Analyst

During the last 30 and 90-day intervals, a number of altcoins have done much better than bitcoin, as far as price percentage increases are concerned. Last Thursday, the popular analyst Peter Brandt told his 360,000 followers that the price of ethereum saw a “significant breakout” against bitcoin. Moreover, a number of cryptocurrency proponents have been […]

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The Altcoin Season Party Still Hasn’t Started

pboc altcoinsFollowing the recent market momentum, many people expect the altcoin season to be in effect. As the Altcoin Season Index shows, that is still not the case. There are many different opinions on what an altcoin season entails. Still no Altcoin Season in Sight Alternative markets rising in value are often a good indicator. However, the “official” Altcoin Season Index isn’t budging just yet. Although the altcoins have come close to kicking off a new season, the threshold hasn’t been met for more than a few minutes. That situation may still change as 2020 progresses. Today’s sudden Bitcoin price dip

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$10K Bitcoin Prompts Influencers to Call a Bull Market

$10K Bitcoin Prompts Influencers to Call a Bull MarketCryptocurrencies have gained significant value over the last few weeks and it’s causing exuberance among digital currency proponents. Now a number of traders and influencers believe bitcoin and other coins are in bullish territory. Despite the surge to $13K last July and the deep pullback that followed, BTC investors and influencers have no issue believing […]

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Altcoin Season Trending – LINK, XTZ, BSTX, HBAR Gain Up to 120% in 24h

Altcoin Season Trending - LINK, XTZ, BSTX, HBAR Gain Up to 120% in 24hThe last few days have shown bullish price activity across the list of top cryptocurrency markets. There’s been a lot of focus on coins like BTC, ETH, BCH, and EOS, but digital assets like HBAR (120%), STX (52%), XTZ (20%) and LINK (13%) have seen much larger gains this week. The cryptoconomy has surpassed the […]

The post Altcoin Season Trending – LINK, XTZ, BSTX, HBAR Gain Up to 120% in 24h appeared first on Bitcoin News.

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The Altcoin Season Index is a Thing

TheMerkle Altcoin PumpersThere are always people who want to see the next altcoin seasons kick off. In reality, the chances of that happening like in 2017 are slim to none.  If the Altcoin Season Index is to be believed, it is still quite a long ways away.  No Altcoin Season in Sight This new tool seemingly tracks the performance of Bitcoin compared to the alternative markets. More specifically, it keeps track of the top 50 coins ranked by market cap. Based on their 90-day performance, as estimate is made as to whether or not an altcoin seasons will occur. The main objective

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What is Altcoin Season and Why Does it Matter?

TheMerkle PoloNuke Poloniex AltcoinsThere are numerous trends in the world of cryptocurrency. While it is evident nearly all of the major currencies rely on Bitcoin’s value first and foremost, there is also a period when that unwritten rule is thrown out of the window. Traders often refer to such a trend as “Altcoin Season”, even though most people will agree such a thing does not necessarily exist. There is a very fine line between what is perceived as “Altcoin Season” and “pump-and-dumps”. The Purpose of Altcoin Season is Making Money It is safe to say no altcoin will gain value when Bitcoin is

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