Bitcoin Dominance Plummets, Ushering in Altcoin Season

According to crypto data provider Coinmarketcap, altcoin season starts when 75% of the top 100 tokens outperform bitcoin over a three-month stretch. Is Altcoin Season Here? Bitcoin’s Market Share Slips When a token representing a family of digital collectibles named “Pudgy Penguins” (PENGU) outperforms bitcoin ( BTC) seventeen-fold, it’s safe to say altcoin season has … Read more

Bitcoin Treads Water As Dominance Falls to Lowest Level in 4 Months

Bitcoin dominance, a measure of the digital asset’s market capitalization relative to the broader crypto ecosystem, tumbled to a four-month low as altcoins rallied. Bitcoin Flatlines While Altcoins Gain Ground Perhaps altcoin season is upon us. That’s what the numbers seem to imply as bitcoin dominance dropped to its lowest level since March while altcoins … Read more

Bitcoin Flat Despite Upbeat Economic Data

Good news from the Department of Labor and Wall Street seems to have boosted everything except bitcoin today. Economic Data Buoys Stocks, But Bitcoin Doesn’t React U.S. jobless claims fell to a 3-month low on Thursday, and at least 44 companies beat their quarterly estimates this week. Stocks jumped on the news, but bitcoin ( … Read more

Bitcoin Edges up After Trump Says He Won’t Fire Powell

U.S. President Donald Trump told reporters on Wednesday that his administration is not planning on firing Federal Reserve Chairman Jerome Powell, despite rumors claiming otherwise. Trump Softens Stance on Powell, Bitcoin Climbs Bitcoin ( BTC) reclaimed $119K on Wednesday after U.S. President Donald Trump shut down rumors that his was on the verge of firing … Read more

Bitcoin Retreats as Inflation Climbs

Cracks in the U.S. economy from its aggressive tariff policies may finally be starting to show after inflation climbed 0.3% in June. Bitcoin tumbled on the news. Inflation Spikes and Bitcoin Loses Ground The impact of U.S. President Donald Trump’s tariffs may finally be showing after the U.S Bureau of Labor Statistics (BLS) reported on … Read more

Bitcoin Targets $120K as Stocks Tumble

The leading cryptocurrency went within striking distance of $119K early Friday morning. Meanwhile, Trump’s saber-rattling left stocks floundering. BTC Marches Towards $120K While Equities Struggle U.S. President Donald Trump upped the ante on Thursday evening, issuing a sternly worded tariff letter to Canada declaring a 35% tax on all Canadian goods entering the U.S. Stock … Read more

Bitcoin Breakout Leaves Short Sellers in Tatters

The cryptocurrency’s price hit a new all-time high and climbed past $113K on Thursday afternoon, leaving bearish short sellers bleeding to the tune of $302M. Bitcoin Soars Past $113K, New Level Unlocked Just a day after California-based chipmaker Nvidia (Nasdaq: NVDA) became the first company to reach a $4 trillion market capitalization on Wednesday, bitcoin … Read more

Bitcoin Inches up as Inflation Fears Subside

Americans have virtually stopped worrying about tariff-induced inflation according to a monthly survey published by the New York Federal Reserve. BTC Edges Higher on Softer Inflation Expectations The New York Federal Reserve’s Survey of Consumer Expectations for June, published on Tuesday, shows that Americans expect inflation to be around 3% a year from now which … Read more