The Altcoin Run Is Giving Back Ground Fast as Bitcoin Dominance Climbs
Nearly half of Binance-listed altcoins have dropped back below their 200-day moving average. That share reached 48.4% on October 18, up from under 10% in early October. Blockchaincenter’s 90-day Altcoin Season Index still reads a neutral 51. However, its 30-day Altcoin Month Index has dropped to 29, close to the 25 level that marks Bitcoin The post The Altcoin Run Is Giving Back Ground Fast as Bitcoin Dominance Climbs appeared first on BeInCrypto.
Key Takeaways
- Nearly half of Binance-listed altcoins have dropped back below their 200-day moving average.
- That share reached 48.4% on October 18, up from under 10% in early October.
- Blockchaincenter’s 90-day Altcoin Season Index still reads a neutral 51.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit
Bitcoin could find support near $30,000 even if institutional investors unwind their accumulated exposure, CryptoQuant's chief executive argues. The scenario would require reversing roughly $58 billion in net inflows to US spot Bitcoin exchange-traded funds…
The crypto privacy rule Trump’s Treasury proposed, and Trump’s Treasury buried
On Dec. 18, 2020, with Christmas a week away and Donald Trump preparing to leave the White House, Steven Mnuchin's Treasury Department announced a plan that would require crypto exchanges and other financial institutions to collect more information about…
OKXICE Faces 9 Formal Objections to Tokenized Share Trading
Nine U.S.-listed companies, including Broadcom, Coreweave, Verizon, and Unitedhealth, have formally objected to tokenized versions of their shares trading on OKXICE, throwing an unexpected roadblock into the crypto exchange venture’s ambitious plans for…