I know people on here don't want bearish news and this isn't FUD but BTC just started falling quite heavily recently and sell volumes are way too high right now. Didn't think it would happen so soon but it's already happening at this time of the years so soon after New Years. These patterns don't…
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From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto.
The $4 billion gap between the current decentralized finance TVL and an ATH could be closed using recent implementations from AAVE, Curve, and Spell Token.
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Hey everyone. So I’m completely new to all this crypto mining and everything else. I have an msi gs65 stealth that I want to mine ravencoin with. I have everything downloaded. Used 2miners and download GMiner. I had it up and running for about 11 hours last night. Everything seems to be working except I…
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Banks in Germany have started charging customers negative interest, meaning that they want you to pay them in exchange for you storing your money in an account. No joke, they literally tell their customers to take their money elsewhere. Of course, in reality they still want to be in control of your money, but now…
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I live in Argentina and my grandparents want to sell their house, the economic situation of the country is not very good so that everyone is constantly bidding to buy a house. Since the pandemic began, the situation in the country worsened and the working sector of our society was strongly affected. The value of…
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The U.S. president has not officially announced his nominations to fill the vacancies at the Federal Reserve, but two of his picks for CFTC commissioners as well as his choices to lead the Fed are moving to the Senate for confirmation.
Hello looks like i am the most stupid person in the crypto space because i accidentally corrupt the file that contain my seed phrase of all my wallet what happen : i was trying to use a software that could translate many .doc or .txt file to any language so i started by translating…
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Altcoins have started the year 2022 with an overperformance over Bitcoin. Out of all the various indexes, the mid-cap coins seem to have accumulated the most gains so far. Bitcoin Starts The Year Underperforming The Altcoins As per the latest weekly report from Arcane Research, Bitcoin’s 2022 has started with the coin underperforming in front of various altcoins. Throughout 2021, most of the altcoins managed to beat BTC in terms of overall gains. And it looks like this year also hasn’t been any different so far. Here is a chart that shows how the various altcoins have compared with Bitcoin since the start of this year: Looks like every index has beaten BTC so far in the year | Source: The Arcane Research Weekly Update – Week 52 In the above graph, all the altcoins have been separated into different “indexes” based on their market capitalization. The three categories include the large-cap index, the mid-cap index, and the small-cap index. The various coins fall into these divisions depending on where their market cap stands, and their gains as a whole are considered in the chart. Related Reading | Bitcoin Open Interest Reaches Dangerously High Values, Leverage Flush Coming? As you can see in the graph, Bitcoin seems to have lagged behind the rest of the indexes, with the crypto dipping 3% into losses since the start of the year. The mid-cap altcoins have performed the best so far, managing profits of around 8% since the start of January. Their success is thanks to the great performance of layer-1 tokens like Cosmos. The large and small-cap indexes are also in the green, amassing 3% and 4% gains, respectively, since the new year. Related Reading | Interview With Aleph Zero On The MEV Problem That Could Cost Ethereum Users $1 Trillion In Losses A consequence of Bitcoin’s underperformance has been that the cryptocurrency’s dominance has been dropping recently. The below table shows how the market share of the top coins has changed in the past week. USDT seems to have gained the most market share in the last seven days | Source: The Arcane Research Weekly Update – Week 52 Bitcoin’s market share is now around 39.5%, which is the lowest it has been in almost three years. It now remains to be seen whether the crypto’s underperformance will come to an end soon, or if 2022 is going to be like 2021 all over again, with altcoins thriving. BTC Price At the time of writing, Bitcoin’s price floats around $46.2k, down 3% in the last seven days. Over the past month, the crypto has lost 6% in value. Here is a chart that shows the trend in the price of the crypto in the last five days: BTC’s sideways movement seems to have carried on into 2022 | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
