The cryptocurrency market cap dipped below $500 billion on Wednesday, marking the recovery’s second hiccup in the past week.
The market’s pullback was catalyzed by a precipitous Bitcoin price decline. On Monday, the flagship cryptocurrency had extended its rally as far as $11,788 on cryptocurrency exchange Bitfinex, at which point Bitcoin appeared to tumble off a cliff. Over the ensuing six hours, the Bitcoin price declined by more than $1,000, ultimately bottoming out at $10,680. Since regaining its footing, Bitcoin has recovered to just above the $11,000 mark, but it is currently unclear whether it will manage to hold at this level.
Despite this decline, Bitcoin continues to increase its market share, enabling it to reestablish its dominance over the altcoin markets. At present, Bitcoin boasts a $189 billion market cap, which represents a 39 percent share of the total market cap.
Topic: what is happening right now? (Read 387 times)
Bitcoin reached a powerful resistance line and jumped down from it. Soon btc will try to break it again.
You're right. That's why Hold strong guys. Its Bitcoin, will break the resistance shortly. A true sign before shoot up, just not selling rather than keep buying more BTC now. Many buy Bitcoin at the moment to get free Bitcoin Private.
no they dont, they would buy zcl then
Bitcoin reached a powerful resistance line and jumped down from it. Soon btc will try to break it again.
You have missed just one cycle. Prices are moving up and down. It is usual in every market.
This one is just a little different, that's all. I advise you not to miss anything
Yes, I agree with your idea. The price acts in a cycle model. it rises up and goes down frequently. if you cant follow the market to catch the information, you are easy to miss something. This one is just a little different, that's all. I advise you not to miss anything
BTC is slowly trying to get back its dominance but not too much. Honestly, the flippening might happen this year with Ethereum. There are more better usages with ETH than BTC at the moment. All the new ICO are based on ETH blockchain not BTC anymore. There are so many better and newer coins out there way better. BTC has always been the 1st of everything and its everyone knows and talks about. Just like MYspace or AOL---BTC will suffer the same fate. Venezuela just pushed their ICO out and some anon 400 million investor bought BTC that is what is happening at the moment...
i totally agree with you in this subject.
iin 2 years eth will take %40 dominance in markets.
I don't believe it, since the ETH had proof that don't scale very well (cat game), and they have been hacked (DAO case) on the his own blockchain, so i beliave in those new token app blockchain like Tezos, but i don't believe in a bright future for ETH either...
You have missed just one cycle. Prices are moving up and down. It is usual in every market.
This one is just a little different, that's all. I advise you not to miss anything
This one is just a little different, that's all. I advise you not to miss anything
Many buy Bitcoin at the moment to get free Bitcoin Private.
if we stay a few seconds, there must be many changes.
at least we have to monitor every time we can.
so we do not miss so far
at least we have to monitor every time we can.
so we do not miss so far
I think the market of alt coins depends on Bitcoin for now, and I suspect that in the next few months when Nvidia releases the new graphics card (March-May timeframe) it will have a huge spike again.
Only this dependence is not quite clear!When bitcoin grows in price,altcoins are falling!And it's understandable,everyone sells altcoyins that would buy BTC!But even with the drop in the cost of bitcoin,the Altkoins remain in the drawdown!
Possibly, was already bought enough bitcoin. Now we see the rise of alts, so now they buying it. How much will continue to buy all the coins, is unknown. But one thing is clear, there will be a new global pump after big buy.
I think the market of alt coins depends on Bitcoin for now, and I suspect that in the next few months when Nvidia releases the new graphics card (March-May timeframe) it will have a huge spike again.
BTC is slowly trying to get back its dominance but not too much. Honestly, the flippening might happen this year with Ethereum. There are more better usages with ETH than BTC at the moment. All the new ICO are based on ETH blockchain not BTC anymore. There are so many better and newer coins out there way better. BTC has always been the 1st of everything and its everyone knows and talks about. Just like MYspace or AOL---BTC will suffer the same fate. Venezuela just pushed their ICO out and some anon 400 million investor bought BTC that is what is happening at the moment...
I agree with you on this one the benefit of ETH will totally outweigh BTC in time to come
The market is still unstable! Bitcoin seems to have gone into growth, and immediately rolled back! Such swings will continue, but not for long! I think soon everything will start to grow in price confidently!
Many big investors are buying BITCOIN and the price goes up I saw a 400 million dollar order !!!!! .... Now it is likely that some of this money will be moved to the altcoin, with an increase in price of all cryptocurrencies
Partly the segwit stuff, partly the prospect of LN, partly the lower fees as the price has fallen from $20k, partly lower confidence in alts due to the January drop, and all effects amplified as usual by traders. Where bitcoin leads, alts follow. Bitcoin is leading the market recovery. Once BTC uptrend stops, alts will rise.
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
this is normal movements on bitcoin price, after a lot of FUD coming, and bitcoin price down so hard, now the price is recover
so be ready for the next fly of bitcoin my friend
regards
I think another factor of bitcoins price is the patience level of those who invest on it. FUD was creeping all over cryptolandia on January and weak hands have sold theirs. Once bitcoin went back to the 7k mark sometime last week January, many started buying bitcoins again. So I feel there is a bit of something being controlled here. I just wonder how bitcoin can manage to stay at a high price without all the FUD.
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
this is normal movements on bitcoin price, after a lot of FUD coming, and bitcoin price down so hard, now the price is recover
so be ready for the next fly of bitcoin my friend
regards
If the market is beginning to try to fix itself these days, we have to make our own investment for it and stay on the block
What is happening from the previous month was really alarming due to its sudden drop of btc. From that moment, many btc holders are starting to worried and we can't deny the fact that we feel a bit nervous. Also, I think many of us dump some coins because we can't handle the pressure of continuous drop of btc. But on the bright, that was also our opportunity to buy some coins because their value at that time was surprisingly low. So, for today for those who grab the opportunity will probably be gaining profits because coins are now starting to recover. And it will continuously keep increasing.
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