Sign up. While the price has since corrected, the dominance index remains relatively high. Privacy Policy Terms of Service. In fact, BTC dominance at Of course, it should be noted that cryptocurrencies other than Bitcoin tend to fall further when the Bitcoin price goes down and spike higher during bull markets. Common reasons:.
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Bitcoin and cryptocurrency market watchers were on high alert today as the eagerly-anticipated Bakkt crypto platform went live. The bitcoin has been broadly trading sideways over recent months, though some smaller tokens, Litecoin, which has been called the silver to bitcoin’s gold, surged in the first half of as traders bet an August so-called halvening of the cryptocurrency, where miner rewards for finding blocks are cut, putting a squeeze on supply, would spark a crypto bull market. Bitcoin is itself due to undergo a halvening event in May next year and many have suggested this will be the catalyst for the next major bitcoin leap higher. However, many had also expected bitcoin and the altcoins crashing today cryptocurrency market to get a boost when the Bakkt platform began operating today. It wasn’t clear what had sparked litecoin’s sudden downturn, though bitcoin and the wider
Alt Apocalypse Continues With Ripple and Ethereum Showing Bearish Breakdowns
Bitcoin, one of the first and the most popular cryptocurrencies, currently has no direct competitor. This is because it is way ahead of all others in terms of value. However, over the last few years, this market has witnessed an increasing number of cryptocurrencies, and perhaps many more are in the offing. With such an intense competition among players, technical and functional innovation in terms of increased security, and enhanced features of the cryptocurrency platforms coming out, it is essential that the old and the initial ones be upgraded; else, they may become obsolete. And that is the rule of nature. Is this perhaps what has happened with Bitcoin?
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Must Read: How to buy Ripple in Pakistan. Well, luckily some cryptocurrencies have been successful to survive this stroke. The Coinmarketcap data also reveals that only one of every two coins have remained green over the past day.
Read Also: Buy Ethereum in Pakistan. As the Goldman Sach is preparing to trade Bitcoin and other cryptocurrencies in next year, so we are most likely to see an increase in prices in By Sajeel Syed on. Like our stories? Follow our Instagram for pictorial updates. Follow techjuicepk. Buy Bitcoins Coinmama lets you buy bitcoins with your credit card or cash. Buy Bitcoins With Binanceyou can buy and sell Bitcoins and altcoins easily.
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Coinmama lets you buy bitcoins with your credit card or cash. With Binanceyou can buy and sell Bitcoins and altcoins easily. Buy Altcoins. Coinbase is the easiest place to buy, use, and accept bitcoin, ethereum, and litecoin.
Next Bull Run Price Predictions (Altcoins) 🚀🌙
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These sorts of events tend to cause an exaggerated reaction that will likely calm in a few days. At the time of this writing, Ethereum was down 6. Why does aptcoins seem that on days Bitcoin crashes, altcoins crash even harder? Otday candles everywhere, prices descending rapidly. If you found this article helpful or interesting, please consider donating to Disclaimer Disclaimer: Information found on CryptoPotato is those of writers quoted. Following today’s sharp price decline, Bitcoin is now down
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