Why Bitcoin price and volume rising together is bad news for Ethereum, altseason

Bitcoin (BTC) is sucking up the volume from the entire cryptocurrency market as it continues to rally. This is causing the alternative cryptocurrency (altcoin) market to pullback, which has seen rising selling pressure and low buyer demand.

On Oct. 30, researchers at Santiment pinpointed the growing volume and dominance of Bitcoin, while Chainlink (LINK), Ether (ETH) and Binance Coin (BNB) struggled. They wrote:

“The dominance involving #Bitcoin is continuing to display itself, particularly…


Source link

About bitcoin

Check Also

Crypto retreats as bitcoin and ethereum lead mild sell-off

Bitcon and ethereum prices were down 4% on Friday. Photo: Yuriko Nakao/Getty Images The cryptocurrency …

Leave a Reply

Your email address will not be published. Required fields are marked *