The post $ 4,875: Bitcoin Price Surges toward All - Time
High as Altcoins Plummet appeared first on CryptoCoinsNews.
Ethereum Classic (ETC) has rocketed in price to new all - time
highs as the altcoin's hard fork deadline next month nears.
Not exact matches
Bitcoin and the major
altcoins extended their recovery on Saturday,
as the cryptocurrency market approached multi-month
highs on improved investor sentiment.
Altcoins are leading the charge
higher,
as the switch in relative strength that we pointed out several times seems to be a lasting phenomenon, with the ETH / BTC pair confirming a short - term uptrend.
The cryptocurrency market declined across the board Thursday,
as bitcoin, Ethereum and the rest of the major
altcoins retreated from recent
highs.
Ethereum drifted
higher in early trading today, retaining its relative strength among
altcoins, but the coin fell back below the $ 750 later on
as the broad selling pressure affected the coin.
The cryptocurrency market reached new
highs Monday,
as bitcoin and a handful of
altcoins extended their record - setting surge.
What we are talking about is the fear of significantly
higher inflation where investors turn to bitcoin, ether, Ripple and other
altcoins as a storehouse of value.
As the price drove
higher, we saw a massive increase in price for a large number of
altcoins, with Litecoin jumping from $ 50 to nearly $ 400, Ethereum doubling, NEM and EOS going up by a factor of five, and the list goes on and on.
Overall, the cryptocurrency market seems to be continuing the trend that its sustained for the last two weeks where Bitcoin is the biggest consistent gainer, acquiring more Market Dominance (around 58 %
as of writing this article) and setting new all - time
high price records while
altcoins languish in the face of the upcoming hard fork.
While it is true that Bitcoin fees will always be
higher than that of
altcoins owing to
higher demand and smaller block sizes, with a small bit of research you can cut that down tremendously — possibly to similar levels
as that of other cryptocurrencies.
So basically, you can achieve a
higher level of privacy using these «
altcoins», and these
altcoins are either using stealth
as the basis, like monero.
Even with the
high speed and low cost of transactions, most of bitcoin's infrastructure such
as the remittance platforms, payment systems, and wallets have no support for bitcoin cash and see it
as an
altcoin.
Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News) A Minute's Silence For
Altcoins as Bitcoin
Highs Slice Value Across MarketsCointelegraph (Bitcoin, Cryptocurrency and Blockchain News) Bitcoin's rise over $ 7,200 Thursday has piled pressure on already sidelined
altcoin markets, leading many into freefall.
on A Minute's Silence For
Altcoins as Bitcoin
Highs Slice Value Across Markets — Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
By contrast, privacy - focused
altcoin Monero continues
as the clear
altcoin winner, advancing another 22 % Tuesday to hit its own all - time
highs of $ 240.
This week's spike in the price of Bitcoin was met with equally impressive rallies in a number of
altcoins, with Dash, Ethereum and Litecoin soaring to all - time
highs as well.
The move to a new all - time
high comes
as the entire cryptocurrency market cap is seeing a shift away from Bitcoin and into Ethereum, XRP and so - called
altcoins.
The move to a new all - time
high comes
as the entire cryptocurrency market cap is seeing a shift away from Bitcoin and into Ethereum, and
altcoins.
The cryptocurrency market reached new
highs Monday,
as bitcoin and a handful of
altcoins extended their record - setting surge.
After entering January controlling approximately seven percent of the cryptocurrency market cap, bitcoin cash has seen its share drop by one - tenth to 6.3 percent
as other
altcoins — most notably ethereum — have surged to all - time
highs.
Read more: Bitcoin surges to all - time
high above $ 1,700
Altcoins are taking a dip
as reported by Bitcoin.com — As far as the top ten cryptocurrency market caps below bitcoin, most all of them have seen price dips over the previous 12 hour
as reported by Bitcoin.com —
As far as the top ten cryptocurrency market caps below bitcoin, most all of them have seen price dips over the previous 12 hour
As far
as the top ten cryptocurrency market caps below bitcoin, most all of them have seen price dips over the previous 12 hour
as the top ten cryptocurrency market caps below bitcoin, most all of them have seen price dips over the previous 12 hours.
Bitcoin has fallen 65 percent from its all - time
high at the time of publishing - still better than some of the other top ten
altcoins, such
as Cardano, for example, which is down 88 percent from its all time
high.
Litecoin approached all - time
highs over the weekend,
as the apparent surge in bitcoin extended to the
altcoin market.
As of now,
altcoin market looks quiet with the exception of Litecoin which registered an all - time
high of $ 200 today.
Ripple (XRP) is currently having a crazy wild ride
as the
altcoin has surged more than 43 % in past 24 hours to hit a new all - time
high of $ 3.81, according to the data from CoinMarketCap.
The crypto segment turned upside down today, compared to the recent trends,
as Bitcoin turned lower after a lengthy period of relative strength thanks to the Bitcoin Gold fork, while
altcoins pushed significantly
higher, led by the recently struggling IOTA, Ripple, and NEO, while almost all of the major coins joined the advance.
Ripple, which has just recently displaced Ethereum
as the
highest altcoin by market capitalization, has similarly dropped by at least 20 percent over the past two days.
Jacubchek further explained that you could achieve privacy on a
higher level through these
altcoins, which uses stealth
as the basis, such
as Monero.
Ripple spiked to new
highs on Wednesday,
as altcoins followed bitcoin
higher in the wake of CBOE's successful futures launch.
This figure was much
higher at the start of the year
as speculation in
altcoins reached an all - time
high.
The past couple of days have seen market corrections across the board
as Bitcoin and its
altcoin brethren pull back from all - time
highs earlier in the week.
Altcoins have also lost significant market share, allowing Bitcoin dominance to rise
as high as 45 percent in recent days.
Several forward - thinking
altcoins have identified this
as an opportunity to develop a «beachhead» on Britain's
high streets, one they can develop into mainstream adoption.
Some of the
altcoins are fairly new and utilize PoS rather than PoW, so the ROI is currently
high as the early supply is created.
Bitcoin mostly traded in a range during the past two sessions, but a few
altcoins such
as bitcoin cash, E-coin, Ethereum classic, bitcoin gold and Qtum gained heavy bullish momentum and traded
higher.
Both DASH and MaidSafeCoin have set new market cap
highs in the past 24 hours, joining Ethereum's 2017 price record
as investors flock to
altcoins.
This rapid surging of prices peaked in December 2017 when Bitcoin almost hit $ 20,000 and
altcoins were hitting all - time
highs as well.
Ethereum and Litecoin had particularly strong weeks, with Ethereum posting an all - time
high and other
altcoins like Monero, IOTA, and Dash all had a strong showing
as well.
The market cap of
altcoins is also at an all - time
high as Bitcoin's dominance continues to diminish.
Altcoins continued to shine in the last couple of days, but for a change, Bitcoin rallied together with the other majors,
as the Bitcoin Cash chaos of the weekend fizzled out although the BTC and BCH still trade with
high volumes.
1343 Cryptos, Half A Trillion Dollars Data from Coinmarketcap, which currently tracks Bitcoin and 1342
altcoins in circulation, shows the leap forward in market valuation
as multiple cryptocurrencies continue to reach new
highs of their own.
The coin's share of the market slipped to a low of around 32 % earlier in the year
as altcoins surged to record
highs.
For now, things are not looking dramatically bad... Litecoin — The
Altcoin Asia Loves Because of Its ScalabilityOracleTimesLitecoin Price Hits Record
High Amidst Very Solid Cryptocurrency MarketCointelegraph (Bitcoin, Cryptocurrency and Blockchain News) Litecoin Approaches Record
High as Investment Appeal GrowsHackedLive Bitcoin Newsall 207 news articles & raquo;