A crypto analyst said Bitcoin’s dominance chart has “looked bearish for weeks” and altcoin season could be on the horizon. The recent volatility in Bitcoin’s dominance could be a signal that altcoin season is approaching sooner than many traders expect, according to a crypto analyst. “The reason why you should have confidence in the altcoin price action is because the BTC Dominance chart looks bearish and has looked bearish for many weeks,” crypto analyst Matthew Hyland said in an X post on Friday. “The downtrend is favorable to continue; therefore, this relief rally has been a dead cat bounce in a downtrend,” Hyland said. In a separate video on Saturday, Hyland said that the recent volatility in Bitcoin’s (BTC) price may have been orchestrated by traditional finance giants. Read more
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, CZ denies ties to Trump, said pardon was a ‘surprise,’ Cathie Wood’s ARK Invest added $2 million in BitMine shares across its ETFs. Meanwhile, Bitcoin retail investors and whales are moving in opposite directions. Binance co-founder CZ said the pardon from United States President Donald Trump came as a surprise and that the two have never met, spoken personally, or had close ties. The only interaction CZ has had with the Trump family was talking to Eric Trump at the Bitcoin Middle East and North Africa (MENA) conference in Abu Dhabi, United Arab Emirates (UAE), CZ told Fox News. He also said he was unaware of how the pardon would develop throughout the process: Read more
Ripple rejects IPO plans, Cathie Wood reduces Bitcoin 2030 forecast, and other crypto news: Hodler’s Digest Ripple, the US blockchain company behind the XRP cryptocurrency, will not pursue an initial public offering following the conclusion of its years-long legal battle with the US Securities and Exchange Commission. Ripple president Monica Long said the company has no plans or timeline for an IPO, according to a Bloomberg report on Wednesday. Were in a fortunate position where weve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do, Long said. Read more