Today news
About the same in other media
Bitcoin’s sluggish phase a blessing in disguise, altseason led by Ethereum in the cards
Reading now: 677
Altcoins have largely been outperforming Bitcoin of late. In just the past week alone, top coins like ETH, BNB, AVAX and MATIC have fetched their investors with 10%, 16%, 17% and 22% returns respectively. Bitcoin, on the other hand, found it quite challenging to deliver 3% in the same timeframe.
Along with the not-so-high ROI and the monotonous trend on its price charts, Bitcoin has also been losing its dominance. By and large, this is not a really good sign for the king-coin.
Nevertheless, that’s not the whole picture. Bitcoin losing command in the market indicates that other altcoins have started adding value to their market-cap at a much quicker pace now.
Consider this – after 2018, Bitcoin’s dominance dunked below 50% for the first time
Read more on ambcrypto.comAbout this in other media
The Guardian view on North Sea oil: keep it in the ground theguardian.com /2 years ago
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market? economictimes.indiatimes.com /2 years ago
Cryptocurrency Prices on December 1: Solana, Ethereum, Tether rise as Bitcoin, XRP falls moneycontrol.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
