Auto Added by WPeMatico

Analyst: BTC’s 50% Drop Could Be Setting Up a 2017-Style Altcoin Rally

Bitcoin (BTC) dropped below $62,000 on June 4, with the move coinciding with the first meaningful pullback in the flagship cryptocurrency’s dominance in nearly eight months, according to analyst CrediBULL…

Continue ReadingAnalyst: BTC’s 50% Drop Could Be Setting Up a 2017-Style Altcoin Rally

Altcoin Season Index at 49 — Traders Need Bitcoin Dominance Below 55% to Trigger Rotation

Bitcoin’s correction below $70,000 has pulled its market dominance down to roughly 58% and pushed the Altcoin Season Index to 49, raising real questions about whether capital is rotating out…

Continue ReadingAltcoin Season Index at 49 — Traders Need Bitcoin Dominance Below 55% to Trigger Rotation