Rumors of an imminent Bitcoin ETF approval are boosting sentiment and prices across the market, but caution is warranted, as it could turn into a buy-the-rumor, sell-the-news event.
Altcoin News
The term “altcoin” refers to any cryptocurrency that has launched since Bitcoin (BTC). In the early days of Bitcoin, developers forked the open-source code to create new currencies. Over time, these Bitcoin alternatives began to diverge further from their progenitor with different supply schedules and privacy features. These include Litecoin (LTC) and Zcash (ZEC), among others.
Along with altcoins came a plethora of Bitcoin–altcoin trading pairs that produced a surge in market activity, with traders leveraging the volatility of these crypto assets for high-risk rewards.
The rise of altcoins and their respective blockchain networks marks an era of experimentation and maturation within the crypto industry, as a wider range of use cases of the technology have become possible.
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ETH price recaptured the $3,800 level and derivatives data signals bulls are well-positioned for Friday's $385 million options expiry.
3947ALCX and SLP are flashing bottoming signals while BTC is steadily climbing toward $60,000.
4120“The Market Report” with Cointelegraph is live right now with special guest Mati Greenspan, founder and CEO of Quantum Economics.
5323The DOGE may have had its day, and social media is busy poking fun at Bitcoin skeptic Mark Cuban.
6461The inverted head and shoulders pattern hints at a decisive breakout move in the Polkadot market.
11956Bitcoin has never managed a weekly close above $60,000, and failing to do so again risks a reversal downhill, a new warning says.
8617OHM price is on the verge of a new high after a series of cross platform integrations, fresh bond offerings and the launch of Olympus Pro prove that the project has strong fundamentals.
3521Bitcoin remains strong above its recent breakout level, but several major altcoins will be under pressure until BTC reveals its next move.
17089Hedge fund manager Mark Yusko believes cryptocurrencies will generate “untold wealth” by powering the Internet of Value.
8634BNB price gets a boost as Binance launches a $1 billion blockchain fund.
6572ETH price is lagging behind BTC's recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term.
9066Analysts say Bitcoin has started its journey toward a new all-time high and the sideways action from altcoins suggests traders are shifting funds into BTC.
31737The sharp upside retracement surfaces as retail frenzy around Shiba Inu hints at testing May peak levels.
54035Bitcoin could pick up momentum above $56,100 and that could attract buying in DOT, UNI, LINK, and XMR.
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