Tag: Altcoin
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Renowned Trader ‘il Capo Of Crypto’ Covers Bearish Altcoin Bets as Bitcoin (BTC) Marches On
[ad_1] “No, I am not bullish, just neutral. I’m not buying yet nor closing the shorts that are in profit, just the losing positions to derisk a bit. If the price goes back below the support zone, I will start adding shorts again,” Capo told CoinDesk. “the macro looks very bad, with a recession being…
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Sub-$500 Million Altcoin Dominates Crypto Discussion Following 573% Surge
[ad_1] In an interesting turn of events, one altcoin has seemingly come out of nowhere to dominate the discussions around crypto over the last week. Loom Network, with its native token LOOM, has barreled ahead of the likes of Bitcoin in this metric. Loom Network (LOOM) Takes The Spotlight In an X (formerly Twitter) post…
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Altcoin Crash May Be on the Cards
[ad_1] Bitcoin (BTC) reversed Monday’s decline to three-month lows under $25,000 during Asian trading hours, jumping back to around $26,000 as open interest on Binance, Bybit, OKX and Deribit fell to $4.8 billion from $5.05 billion. The decline in open interest suggests short traders were abandoning their bearish bets in what’s known as a short…
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Has Altcoin Season Arrived? Watch Out For These 6 Cryptos
[ad_1] Ethereum’s (ETH) rally above $2,100 after the Shanghai arduous fork has kicked off the altcoin season, in keeping with Crypto Twitter. Along with ETH, quite a few altcoins are posting double-digit beneficial properties over the previous 24 hours, whereas Bitcoin has seen a reasonable rise. Arthur Hayes, the previous CEO of BitMEX, is without…
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While Bitcoin Stagnates, Is Altcoin Season Finally Here?
[ad_1] Whereas the Bitcoin worth has did not sustainably advance into the $29,000 area since mid-March, a number of altcoins are presently experiencing a powerful rally. Bitcoin dominance has risen to as excessive as 46.5% in latest weeks, however is presently seeing a small retracement. Singapore-based crypto choices buying and selling agency QCP Capital says…