Bitcoin’s struggles continue as the asset dipped to a new 5-day low of beneath $53,000. Although some larger-cap altcoins have retraced, others, like Litecoin, Chainlink, and Dogecoin, have painted substantial gains once again.
LINK and DOGE to New ATHs
After riding high for a few consecutive days and marking new all-time highs, Ethereum has finally retraced. The latest record came above $3,500, but the second-largest cryptocurrency lost roughly $300 since then.
Binance Coin went to $680 for a record of its own as well. However, BNB has also dipped since then and is currently sitting below $630. Ripple (-5%) and Cardano (-1.5%) are also in the red.
On the other hand, Litecoin, Bitcoin Cash, Chainlink, and, somewhat expectedly lately, Dogecoin have marked impressive gains. LTC is up 15% to $325 and BCH (9.5%) is above $1,050.
LINK and DOGE have marked new all-time highs after increases of 22% and 53%, respectively. LINK’s record neared $50, while DOGE’s is around $0.70. As reported yesterday, the meme coin is now the fourth-largest digital asset by market cap.
More fluctuations come from Ethereum Classic (46%), Dash (18%), Telcoin (13%), Zcash (12%), EOS (12%), and OMG Network (10%). On the other hand, BakeryToken (-15%), Avalanche (-12%), Maker (-12%), Compound (-11%), and Huobi Token (-10%) have lost the most since yesterday.
Bitcoin Dipped Below $53K
While some altcoins are charting new records, the primary cryptocurrency fails to resume its 2021 bull run. Just two days ago, it seemed like the trend was finally turning as bitcoin touched $59,000. This was the asset’s highest price line in over two weeks.
However, the bears intercepted the move and drove it south. In the following 48 hours, BTC lost more than $6,000 of value and dipped below $53,000.
Despite recovering about a thousand dollars since the low, bitcoin is still 3.5% down on a 24-hour scale.
As a result, BTC’s dominance over the altcoins continues to fade away. The metric comparing bitcoin’s market cap with all other crypto assets is down to a new near 3-year low of 45.2%.
[PRESS RELEASE – Please Read Disclaimer] In November, four sites listed Initial Coin Offerings (ICOs) for Solidus AI Tech and its token AITECH. Solidus AI Tech is a tech company that is bridging the gap of insufficient High-Performance Computing resources in Europe, by building data centers throughout Europe. One facility in Budapest has already been…
The popular millennial trading platform released its earnings report on May 8, beating analyst estimates. According to its first-quarter results, Robinhood reported record revenues of $618 million, up 40% year-over-year. Additionally, revenue from cryptocurrencies surged 232% to $126 million. “Transaction-based revenues increased 59% year-over-year to $329 million, primarily driven by cryptocurrencies,” the firm stated. Robinhood’s
According to one Bitcoin halving date calculation, the fourth halving is likely to happen on Apr. 20. Previous halvings preceded years of significant growth in the cryptocurrency’s market price. A recent post on /r/Bitcoin shared a screenshot of what is purported to be a Bitcoin Halving Date calculator output estimating the next Bitcoin halving will
The number of Bitcoin addresses holding even the lowest denomination of the cryptocurrency (satoshi) has climbed to an all-time high of almost 48 million. One factor behind that gradual increase in recent times could be the rising interest in BTC Ordinals, with inscriptions recently surpassing the milestone of 20 million. The blockchain data and intelligence…
One of the longest-standing cryptocurrency exchanges – Bitstamp – registered with the Financial Markets Authority in France. Thus, it followed other rivals, including Binance and Crypto.com, which already secured the green light from the watchdog. Bitstamp previously received approval from other European countries, including Italy and Spain. Entering the French Market France’s top monetary regulator…
The Bank of Korea (BOK) has initiated a test program to check the capabilities and necessary technologies required for launching a central bank digital currency (CBDC). Despite the testing, though, the bank noted that the chances of issuing its own cryptocurrency are slim due to lots of competition. BOK Tests CBDC A local report from…
TL;DR XRP’s price performance has been lagging behind the leading cryptocurrencies such as BTC, ETH, and SOL in the last 30 days. Nonetheless, analysts remain optimistic that a rally is on the horizon based on the asset’s historical performance and some essential factors. Is It Time for an XRP Bull Run? Many of the leading
With almost all losses from the post-ETF-approval apocalypse already erased and the upcoming halving, which tends to serve as a catalyst for future price increases, the crypto community continues to speculate how high Bitcoin can go this year. PlanB, the popular analyst behind the Stock-to-Flow model, believes the asset will not go below $40,000 due
Digital Asset Investment products experienced a popularity surge in the past 14 days or so after about 10 weeks of severe drops. The reports indicate a rising trend in the digital asset fund inflows, with $78 million flowing in last week, a twofold surge from the preceding one, whose inflow was over $25 million. Europe