Bitcoin’s dominance ratio – its share of the overall crypto market capitalization – is sitting at about 42%, having dipped below 39% mid-January, according to Denis Vinokourov, head of research at Corinthian Digital. This time last year, bitcoin’s dominance was at 62%. Source link

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Arweave, which rose by over 44% in the last week, was once again in the green, trading over 10% higher on Monday. This comes as monero slipped in today’s session. Biggest gainers Following a bearish January, crypto markets began to rebound within the last week, with arweave being one of the biggest gainers in that period. To start the week, AR/USD is currently trading 10.32% higher, hitting an intraday peak of $39.81 in the process. This comes as the decentralized storage network… Source link

Bitcoin dipped to as low as $33,000 in January from a record of almost $69,000 less than three months ago. By Vildana Hajric and Akayla GardnerBloomberg Published On 31 Jan 202231 Jan 2022 Bitcoin is closing out a rough month, with January declines putting the digital coin on pace for its worst start to a year since the dawn of the 2018 “crypto winter.” The largest cryptocurrency by market value has notched only 11 up days this month, according to data compiled by Bloomberg, meaning that… Source link

Bitcoin (BTC) received a welcome boost at the Wall Street open on Jan. 31 as fresh research painted a gloomy picture for near-term price action. BTC/USD 1-month candle chart (Bitstamp). Source: TradingView Trader “not interested” in longs below $38,500 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing toward $38,000 on Monday, reversing a correction that had set in immediately after Jan. 30’s weekly close. With stocks giving some relief to bulls, many analysts remained… Source link

Despite the latest drop across the board for cryptocurrencies to start 2022, Ark Invest’s Cathie Wood is looking towards the long term and sees Ethereum reaching a $20 trillion market cap by the year 2030. The second leading cryptocurrency based on market cap has seen its price drop 30% so far in 2022. That comes after reaching its own all-time high in November along with bitcoin. Nonetheless, it’s important to see the forest through the trees. In the long-term horizon, Ethereum’s use… Source link

advertisement US banking giant JPMorgan threw cold water on the two largest cryptocurrencies in a note sent out to clients this week.  Bitcoin’s volatility will be the biggest factor in obstructing widespread institutional adoption, the bank said. Ethereum’s challenges include its waning dominance in the decentralized finance (DeFi) space as alternative blockchains like Solana gain traction.  The JPMorgan analysts compared the volatilities of bitcoin and gold, noting that bitcoin… Source link

Litecoin price rallied in mid-January 2022 as crypto whales accumulated the altcoin. Data released about three weeks ago by Santiment, a cryptocurrency analytics company, showed that this class of investors had triggered a 15-week accumulation pattern. Notably, this was the longest streak since 2017. In a tweet posted on 12th January, the firm noted that in a span of 15 weeks, those holding between 10,000 and 1 million LTC had increased their holdings by 5% of the altcoin’s supply…. Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Monday. The coin is down 3.95% to $106.59 while the broader crypto market is down 1.94%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

by Analytics Insight January 31, 2022 Here is the latest news for some of the top best cryptocurrencies like Solana, Bitgert, Centcex, and more. The crypto market has been very volatile this month, with most cryptocurrencies losing a significant percentage of their value this month. Still, the last day of the month is not looking good for the crypto industry as most of the cryptocurrencies are plunging. All large cryptocurrencies are red this morning. But there are also many developments… Source link