Dec 19, · It's the principle I used when deciding to buy bitcoin and Ether (the tokens for the Ethereum network) in And it's the same principle anyone can use to Author: Jon Quast. BTC dominance has been breaking all resistance even when BTC broke ATH altcoins are still struggling. traditional investors joined the Crypto Market and since then they are controlling the Bitcoin price which resulted in huge depreciation to ALTs Price and Market Cap. some good project did have some nice runs but 80% ALTs are still underwater. Jul 26, · Many crypto investors are wondering how probable it is for Ethereum to overtake Bitcoin in market share. The event when Ethereum passes Bitcoin is dubbed by ETH enthusiasts as “the flippening.” And by the looks of it, it wouldn’t be easy. Just to give you some perspective, Bitcoin accounts for more than 60% of the entire crypto market.
Bitcoin and ethereum market shareBitcoin on Ethereum Falls by $ Million in Just Two Weeks - Decrypt
Out pops an Ethereum token that represents that Bitcoin. But then, last month, the number of Bitcoin locked up in Ethereum began to fall. First, the price of Bitcoin shot up like a rocket. Second, DeFi rewards have been drying up for months. However, the market collapsed when the penny dropped, and the only way for DeFi protocols to prop up the market was to mint an increasing number of tokens to satiate the desires of profit-hungry customers.
Elias Simons, a protocol specialist at blockchain infrastructure firm Bison Trails, echoed the sentiment: "One of the reasons BTC on Ethereum is plateauing, could be a decrease in Defi yield farming activity. In the last couple of weeks, we saw Uniswap end its liquidity mining program, resulting in less compelling yield opportunities available in DeFi for WBTC," he said. Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally.
Christmas holidays are coming and traders in the stock market prefer to fix their positions. In case if big players are fixing positions on BTC, the nearest support level is at the price values of Bitcoin dominance touched On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on.
The B wave is completed with a Some Elliott Wave for you. I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for Finger Crossed.
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Stablecoins may pose risks to "international monetary stability".