The dominance of a coin resembles the market cap share of the whole crypto market. Especially for Bitcoin, we think that a rise in Bitcoin dominance is caused by a fear of (and thus a reduction of) too speculative alt-coin investments, since Bitcoin is becoming more and more the safe haven of crypto. On the other side, when Bitcoin dominance. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Although other cryptocurrencies have come before, Bitcoin is the first decentralized cryptocurrency - Its reputation has spawned copies and evolution in the space. 1 day ago · The broader crypto market has entered a strong correction losing 4% or $34 billion over the last hours. While Bitcoin (BTC) takes a dive below $23, levels, it still continues to extend its dominance in the market. At press time, BTC is trading at $22, with a market cap of $ billion and a massive 69% market dominance.
Cryptocurrency market bitcoinCryptocurrency Market Correction: Bitcoin (BTC) Slips Below $23,, XRP Crash Drags Alts Lower
Citron Research recently turned from bear to bull on Bitcoin and called MicroStrategy the best way to invest in the cryptocurrency. The company also improved margins in A total of Bitcoin were mined in the first nine months of By June , Riot says it will have 22, miners.
From July to November of , Riot received over 3, miners. Along with Bitcoin, the company is a major player in the Ethereum mining as the only public company producing Ethereum on an industrial scale. The company mined 32, Ethereum, 88, Ethereum Classic Coins and 89 Bitcoin in the second quarter. Hive acquired a new data center in Canada to boost production. The company plans to have 23, miners in operation by the second quarter of Paypal is allowing users to buy, sell and hold the cryptocurrency.
The move by the company helped its third-quarter earnings. The revenue from the cryptocurrency surpassed all other sources of revenue for the app. The company announced plans to offer the Bitcoin Rewards Credit Card.
Instead of offering travel miles or cashback, users of the card will earn 1. The retailer is offering 1. Benzinga does not provide investment advice.
All rights reserved. Thank you for subscribing! If you have any questions feel free to call us at ZING or email us at vipaccounts benzinga. Email Address:.
This makes it easy to create widgets for any topic or content. We have created a widget for the Fear and Greed Index, so you can always keep track of the current market situation. To use the widget you need to first install the free Scriptable app from scriptable. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.
Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Historical Values Now. Next Update The next update will happen in:.
Why Measure Fear and Greed? There are two simple assumptions: Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. When Investors are getting too greedy , that means the market is due for a correction.
Fear and Greed iOS Widget. How to Install? Copy Widget Code to Clipboard. To get the widget follow these steps:. Click the button above to copy the widget code to the clipboard. Open the scriptable app. Click on the title of the script at the top and give it a name e.
Save the script by clicking on "Done" in the upper left. Go to your iOS home screen and press anywhere to enter "wiggle mode" which also allows you to arrange the app icons. Select the first widget size small and press "Add Widget" at the bottom. Press the widget to edit its settings optionally press and hold if the wiggle mode is already closed. Now you got the nice Fear and Greed Widget, enjoy!