Bitcoin dominance hit a new cycle high despite price correction as investors shift from altcoins, driven by stronger-than-expected U.S. job growth and the Federal Reserve’s hawkish stance. According to Matrixport, Bitcoin (BTC) dominance has surged to a new cycle high, surpassing 61%. Matrixport attributed this to two factors: a stronger-than-expected U.S. jobs report as well…
Wall Street analysts have raised their recession predictions, a move that may affect Bitcoin and other popular altcoins like Shiba Inu, Dogecoin, Ripple, and Cardano. PIMCO analysts have boosted their recession odds to 35%, while JPMorgan economists see a 40% chance. Goldman Sachs has raised these odds to 20%. Mark Zandi, the popular economist at…
Bitcoin and many altcoins cautiously bounced back on Wednesday ahead of the Federal Reserve interest rate decision. Bitcoin (BTC) rose to $84,500 as it struggled to move above the psychological barrier of $85,000. Other top-performing blue-chip cryptocurrencies were Uniswap (UNI), Stellar (XLM), Algorand (ALGO), and Pepe (PEPE). Uniswap jumped 12% to $6.90, while Stellar climbed…
Bitcoin, Ethereum and XRP gain slightly on Wednesday as traders gear for the U.S. FOMC rate decision at 2 PM ET. Unlike previous bear markets, traders are seeing shorter bear cycles followed by sharp price rallies. The upcoming FOMC meeting could usher higher volatility in the prices of top three cryptocurrencies and present buy the…
Bitcoin and other altcoins like Avalanche, Dogecoin, and IOTA dropped on Thursday, erasing some of the gains made after the Fed decision. Bitcoin (BTC) dropped to $84,000 from this week’s high of $87,500. Ethereum (ETH) fell to $1,965, while Dogecoin (DOGE), IOTA (IOTA), and JasmyCoin (JASMY) fell by over 4%. The total market cap of…
The Jasmy price has moved into a bear market after crashing from last year’s high of $0.0595 to $0.012, its lowest level since February last year. The Jasmy Coin (JASMY) token has crashed because of the cryptocurrency market’s ongoing performance. Bitcoin and most altcoins have also plunged in this period. Still, the coin is likely…
Bitcoin is hovering close to $88,000, nearly 10% above its bull market low of $76,600. Crypto traders are less fearful now, sentiment has improved, relative to the past few weeks, according to the Fear & Greed Index. Traders are gearing up for the next bear market and to shield their crypto portfolio from the next…
