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Showing posts with the label bitcoin dominance

6 Best Altcoins To Invest In Today January 30 – OKB, MANTRA, Onyxcoin

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Crypto analyst Benjamin Cowen has expressed concerns that Bitcoin’s significant market share might soon lead to increased volatility in the altcoin sector. In a recent update on the social media platform X, Cowen discussed Bitcoin’s dominance at 59.68% when he posted. The latest figures from TradingView indicate a minor decrease to 59.61%, suggesting a stable crypto market environment.  Cowen predicts that if Bitcoin’s dominance hits the 60% mark, it could act as a trigger, altering the current dynamics of the cryptocurrency market, particularly impacting altcoins. In light of this bullish prediction, investors are searching for the best altcoins to invest in today . 6 Best Altcoins To Invest In Today  OKX has announced the publication of its 27th consecutive Proof of Reserves report for January 2025. MANTRA Finance is leading the way in incorporating asset tokenization into its UAE-based platform. Onyxcoin (XCN) has experienced significant expansion, now ...

Here’s What Could Trigger Christmas Rally for Altcoins, According to Glassnode Co-Founders

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The co-founders of the crypto analytics firm Glassnode are outlining two key conditions that could spark altcoin rallies just in time for Christmas. Jan Happel and Yann Allemann, who go by the handle Negentropic on the social media platform X, tell their 63,300 followers that altcoins could be on the verge of outperforming Bitcoin (BTC) in the next two weeks. The Glassnode co-founders are looking at the Bitcoin Dominance (BTC.D) chart, which tracks the percentage of the total crypto market cap that belongs to Bitcoin. The duo shares a chart suggesting that BTC.D has flipped bearish, opening the doors for altcoins to rise faster in value than Bitcoin. “Bitcoin dominance has been rejected at the upward trendline – is this the setup for a Christmas rally in altcoins? For this to happen: Bitcoin needs to consolidate above $100,000. A period of sideways movement could allow altcoins to gear up for a breakout. The second half of December and year-end could brin...