altcoin
Altcoin Liquidity Improved in 2024 Despite Recent Crypto Market Turmoil
The crypto market is in the red but altcoin liquidity has improved significantly this year. According to data from Kaiko, the aggregated 1% depth for the top ten altcoins by market cap mounts up to around $162 million, a 38% increase compared to the 2023 average. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Bitcoin Dominance Increases as Halving Nears and BTC Price Lingers Near $61K
BTC dominance is creeping upwards as Layer-1s and Artificial Intelligence tokens had a rough week, while Google search interest in the halving skyrockets.
Ether-Bitcoin Ratio to Flash Death Cross: What Does It Mean for Altcoins?
The ether bitcoin ratio is about to flash death cross, which occurs when a short-term moving average drops below the long-term moving average, signaling potential long-term bearish shifts in momentum. What does the ETH/BTC ratio mean for the performance of altcoins? CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Is Altcoin Season Coming?
Altcoins climbed higher on Monday, while bitcoin (BTC) remained close to $35,000 as investors ventured into riskier tokens. Coinbase Institutional Head of Research David Duong shares his crypto markets analysis, explaining the potential factors behind the altcoin spike and why it did not just "materialize out of thin air." Plus, Duong's thoughts on XRP's price action and a spot bitcoin ETF approval in the U.S.
October Was 'Uptober' for Bitcoin
CoinDesk Indices head of research Todd Groth, CFA, discusses the sector performance last month, after bitcoin (BTC) gained roughly 28% in October. "Generally bitcoin leads other tokens upwards through a cycle," Groth said. Near the peak of the cycle, usually "investors make some side bets away from bitcoin into altcoin season, as it's referred to."
Bitcoin Bounce Puts Altcoin Bears at Risk
Bitcoin (BTC)'s bounce above $27,000 amid fears of FTX creditor liquidation might shake out altcoin bears, leading to a sharp rally in recently shorted tokens like solana (SOL). CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Franklin Templeton Enters Spot Bitcoin ETF Race; Binance Fires Back at SEC
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including another financial services heavyweight vying for a spot bitcoin ETF. Binance says the SEC has no evidence to support its allegations that imply investor assets have been wrongfully diverted. Matrixport predicts an altcoin crash could be on the horizon. And, SEC chair Gary Gensler shares his latest views on crypto during testimony before lawmakers.
Is an Altcoin Crash Coming?
Matrixport said in a Monday report that at least $3.4 billion worth of crypto is likely to be sold by FTX, so it can return fiat currency to its users instead of tokens, which should create an overhang for altcoins for the rest of the year. "First Mover" host Jennifer Sanasie and The Tie director of content Lawrence Lewitinn discuss the key takeaways.
Why Crypto Investors Should Care About Tokenomics: Crypto Long & Short
Perceptions of token issuance by projects have changed dramatically during the crypto winter.
Altcoin Dominance Touches 4-Month High: Kaiko
According to Kaiko, bitcoin dominance has fallen since Ripple's partial court victory against the SEC. BTC dominance across the top 25 centralized exchanges is currently at 27%, which is the lowest level since April. CoinDesk's Jennifer Sanasie explains why this is causing the altcoin markets to rally in "Chart of the Day."
