A handful of altcoins posted double-digit gains while Bitcoin’s relief rally was halted by resistance at $34,000.
Crypto markets provide a bird’s-eye view of a burgeoning crypto economy including Bitcoin (BTC) and a host of other crypto networks. The cryptocurrency market is radically different from the traditional global financial and commodities markets. Not only is the structure of these underlying assets fundamentally different, as they are natively digital and noncustodial in many cases, but the market participants are different as well.
Cryptocurrency networks such as Bitcoin feature a unique composition of stakeholders. There are the miners, which provide security and uptime to the network while earning cryptocurrency for their efforts; traders and investors navigating the ebbs and flows of the market for maximum profits; developers, who are the open-source builders working toward scaling and improving these protocols; and individual users, who may speculate or use their crypto to some productive capacity.
The dynamics among these stakeholders in these decentralized, open, permissionless systems are in striking contrast to traditional finance and are main topics of discourse in the space.
Stay tuned to news, analysis and in-depth coverage of crypto markets with Cointelegraph.
The DeFi boom and search for projects offering interoperability recently sent Ren’s price and total value locked to new all-time highs.8273
Bitcoin price has rebounded above a key trendline but resistance at higher levels may limit the recovery in altcoins.9844
Decentraland’s new features, increased digital land sales and a booming NFT market are the driving factors behind MANA’s 100% rally.11755
A further commitment to its treasury sees MicroStrategy join Grayscale as this week's big buyer while others keep selling.22902
Bitcoin's fall from from $37,000 to below $30,000 within 48 hours saw the biggest daily red candle ever.20252
This week's volatility may come down to a tug-of-war between F2Pool selling and Grayscale buying.20534
After a day of intensifying sell pressure, Bitcoin price dropped below $29,000 for the first time since January 5.28105
After correcting 15%, Bitcoin price dropped to $30,000 but derivatives indicators suggest pro traders are buying the dip.34299
Strong fundamentals are attracting traders to Hedera Hashgraph, Reef and Perpetual Protocol even as Bitcoin price hangs near a crucial support level.22324
Bitcoin is still the main focus of most investors but Layer 2 solutions, governance, and DeFi are shaping up to be the driving forces of the next altseason.24165
The price of Bitcoin still has a lot room to drop below $30,000 before the bull market is in trouble.35906
A look at Coinbase Pro's BTC price premium suggests that selling is underway on Thursday, as Bitcoin falls 7% in 24 hours.55629
DeFi tokens moved higher while Bitcoin price struggles to hold $35,000 as support.34093
Bitcoin price continues to drop, pushing select altcoins closer to their critical support levels.31952