Category: News

Bitcoin Market Dominance is Actually Over 80%, New Research Finds

Bitcoin market dominance or BTC’s percentage of the total market cap may not be the best way to get an accurate picture of the market, according to new research. Market Share vs Market Dominance There are certain Bitcoin metrics that we all understand; the price, the circulating supply, the market cap. And then there’s market […]

How Bitcoin Higher High Formation Could Push It to $2,000

The next upside push in the bitcoin market could prompt the cryptocurrency a form new bottom below $3,100. Josh Rager, a hugely followed cryptocurrency market analyst, pitted the current bitcoin price action against another one from the year 2015. He found striking similarities between them, mainly related to a higher high and a higher low […]

SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips

Japanese financial giant SBI Group has created a dedicated subsidiary that will manufacture cryptocurrency mining chips, the company confirmed in a notice on March 22. SBI, which has launched spin-offs covering various aspects of the cryptocurrency industry, now says it wishes to expand its influence in the mining sector through the creation of SBI Mining […]

Tim Draper-Backed Tezos Soars 70% In Three-Day Bull Run

Embattled DApps and smart contracts platform Tezos has become an unlikely trading hit this week after its XTZ token delivered sudden 70 percent returns. Tezos Traders Go From Rags to Riches Data from CoinMarketCap confirmed XTZ’s abrupt bull run, which began March 19. After trading at just under $0.50 for an extended period, XTZ/USD 00 […]

Binance Research: USD Correlations Increasing, Bitcoin Correlations Decreasing

Binance, one of the world’s most popular and largest cryptocurrency exchanges, has released a report investigating price correlations between major cryptocurrencies. The report comes specifically from Binance Research, the exchange’s market analysis team.  The research report, titled “Are Cryptoassets Highly Correlated?: An exploration of relationships between Bitcoin and other large cap digital assets,” was published […]

Prediction Startup Numerai Raises $11 Million in ICO

American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, Numerai tweeted on March 21. Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum […]

Why Bitcoin Dominance Dropping to 7-Month Low is Bullish for Price

The Bitcoin (BTC) market capitalization dominance currently being at its lowest level in seven months is not exactly bad news. Why? Because the lowest Bitcoin dominance indices have historically coincided with a higher bitcoin price.  Bitcoin Dominance Slips Despite Price Gain According to CoinMarketCap data, the BTC market dominance now stands at 50.8 percent. This […]