altcoins | ForkLog

ForkLog 8 10.12.2024

Cryptocurrency Market Sees $1.75 Billion in Liquidations

Between December 9 and 10, the cryptocurrency market experienced $1.75 billion in forced position closures, including $1.57 billion in longs, according to Coinglass. Data: Coinglass. The procedure affected 582,003 traders. Liquidations were concentrated in altcoins — of the $1.75 billion, only $189.2 billion was attributed to Bitcoin. The current figures surpassed the scale of events […]

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ForkLog 8 08.12.2024

Venture Capitalist Declares End of Altcoin Season

Felix Hartmann, managing partner of investment firm Hartmann Capital, is convinced that the altcoin season has “already run its course.” He warned traders of a sharp correction. Considering alt season tapped out for now. Most alts now have funding rates north of 100% annualized. Last moves purely perp driven, spot volumes declining. Leg down will […]

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ForkLog 6 06.12.2024

Altcoins Show Resilience Amid Bitcoin’s Volatility

Altcoins are exhibiting greater stability amidst the sharp volatility of Bitcoin, which has fallen below the $100,000 mark. This conclusion was reached by Bitwise, according to The Block. Experts suggest that this divergence may indicate a decoupling of previous correlations. According to Bitwise, major altcoins are outperforming digital gold in both weekly and monthly metrics. […]

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ForkLog 5 03.12.2024

Analyst Warns of Potential Bitcoin Correction to $90,000

Recent patterns in Bitcoin’s chart suggest a possible reversal of the upward trend and a price correction, according to technical analyst Ali Martinez. #Bitcoin $BTC could be forming a head-and-shoulders pattern, which could trigger a price correction to $90,000! pic.twitter.com/mWLDabsYRV — Ali (@ali_charts) December 3, 2024 On December 3, the expert noted that a bearish […]

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ForkLog 15 03.12.2024

South Korean Crypto Market Surpasses Stock Market in Trading Volume

On December 2, the daily trading volume of cryptocurrencies among retail traders in South Korea reached $18 billion, surpassing the stock market’s equivalent figure of $14 billion by 22%. This was reported in a 10x Research report. The most popular cryptocurrency of the day was Ripple’s XRP, with a trading volume of $6.3 billion. Dogecoin […]

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ForkLog 23 02.12.2024

CryptoQuant CEO Challenges Traditional Altcoin Season Indicators

The traditional indicator of an altcoin season, characterized by capital flowing from Bitcoin to other cryptocurrencies, is no longer relevant. This conclusion was reached by Ki Young Ju, founder and CEO of CryptoQuant. Alt season is no longer defined by asset rotation from #Bitcoin. The surge in altcoin trading volume isn’t driven by $BTC pairs […]

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ForkLog 9 28.11.2024

Ethereum Nears $3700 Amid Capital Shift from Bitcoin

On the night of November 28, Ethereum’s price rose above $3680, outpacing Bitcoin in growth rate. QCP Capital observed signs of capital flowing into altcoins, reports The Block. According to CoinGecko, over the past 24 hours, the leading cryptocurrency increased by 2.5%, while Ethereum rose by 5.1%, XRP by 7.6%, BNB by 5.1%, Cardano by […]

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ForkLog 4 16.11.2024

XRP Price Surpasses $1 for the First Time in Three Years

On Saturday, November 16, the price of XRP surpassed the psychological threshold of $1 for the first time since December 2021. Hourly chart of XRP/USDT on Binance. Data: TradingView. At the time of writing, XRP is trading at $1.02, having gained 83.8% over the past week. According to CoinGecko, the cryptocurrency’s market capitalization has reached […]

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ForkLog 6 05.11.2024

Bitcoin’s Path Out of Consolidation Hinges on US Election Outcome, Says Expert

The price of digital gold is unlikely to break out of consolidation until the uncertainty surrounding the US presidential election winner is resolved. On election night, the movement of the first cryptocurrency’s rate could be 3.5% in either direction. Without a new catalyst, altcoins are unlikely to emerge from “apathy.” Regardless of the outcome of […]

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ForkLog 4 04.11.2024

Analyst Predicts Altcoin Decline Before Surge

The “grand finale” for altcoins is nearing its end, suggesting a correction is imminent before a sharp rebound, according to crypto analyst and ITC Crypto founder Benjamin Cowen. It looks like the grand finale of the altcoin reckoning has finally arrived. The altcoin reckoning should be over by December 2024 (2nd week of January 2025 […]

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ForkLog 10 27.10.2024

Willy Woo Predicts Waning Altcoin Seasons

Altcoin seasons are likely to persist, much to the delight of speculators, yet the intensity of returns is expected to diminish as the cryptocurrency market matures. This perspective was shared by analyst Willy Woo. I haven’t talked about altcoins in years, I quit my interest in them after the “shit rolls downhill chart” mapping the […]

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ForkLog 7 25.10.2024

Hashkey Capital Predicts Altcoin Season Post-$80,000 Bitcoin

Merely surpassing Bitcoin’s current all-time high of around $74,000 is insufficient to kickstart an altcoin season, according to analysts at Hashkey Capital. Read our latest report — Why We Are Bullish on Altcoins to stay ahead?https://t.co/G8zkOwHtfx — HashKey Capital (@HashKey_Capital) October 25, 2024 Historically, market rallies beyond the leading cryptocurrency are linked to an increase […]

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