Bitcoin News Thebittimes.Com

The state of the broader crypto market has deteriorated over the past day. With Bitcoin and Ethereum trading below $19k and $1.3k at press time , the cumulative valuation of the crypto market stood at merely $915 billion. The market, as a whole, has been moving in the same direction as Bitcoin. In fact, as highlighted in a recent article, Bitcoin dominance has been holding fast to its 2018 support of late. Read More: Bitcoin dominance at 2018 support level: Recovery finally? Is Altcoin Season anytime soon? At the moment, the Altcoin Season Index reading has been hovering mid-way, at 57. Conventionally, it is called a Bitcoin season when the reading drops below 25. On the other hand, if it climbs above 75, an Altcoin season is said to be in play. Source: blockchaincenter.net An Altcoin season usually transpires when 75% of the top 50 coins perform better than Bitcoin over the past 90 days. For them to perform better, the buying interest should be on the rise. Of l...

Bitcoin, the world’s leading cryptocurrency is hovering around the $19,400 mark on Monday. The king crypto briefly crossed $20,000 last week before falling to the $19K levels again. BTC is facing stiff resistance at $24,900 and is repeatedly being rejected at these levels since August 2022. The crypto is currently unable to push its value above the $20,000 mark and it is mostly trading sideways in October. Also Read: Bitcoin dominance at 2018 support level: Recovery finally? Bitcoin Latest News Today Source: Wallpaperflare.com The progress toward the next Bitcoin halving currently surpassed 60% on Sunday. As per estimates, the complete BTC halving might occur during the second half of 2023. However, many other statistics estimate that the Bitcoin halving might complete only in 2024 and not in 2023. Source: buybitcoinworldwide.com You can read more details about Bitcoin halving hashrate here for a better understanding. BTC Price Prediction The S&P 500 index is...