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HONG KONG, May 23, 2022 - (ACN Newswire) - On May 13, Guo Yanhong, the supervisor of the Medical Administration and Hospital Authority of the National Health Commission,...

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Bitcoin Soars To $41K As Ethereum Nears The $3K Once Again

Bitcoin soars to $41K after a late surge on March 18 which challenged other higher levels for both ETH and BTC as the former is about to hit the $3,000 level once again so let’s read more today in our latest altcoin news. Bitcoin saw a brisk upwards action during the Wall Street trading session […]

Ethereum(ETH) Price Poised to Plunge More than 10%, Will it Flip Before $2600 or Visit $2300 Crucial Levels?

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The post Ethereum(ETH) Price Poised to Plunge More than 10%, Will it Flip Before $2600 or Visit $2300 Crucial Levels? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

  The folks from crypto town are now rolling up their sleeves for a catapulting flight of altcoins. As Ethereum emerges from its shadows, with a spike in its market cap dominance. The rise in dominance at levels above 18%, has been fueling optimism around a possible alt season.  Successively, investors and merchants from the business …

AVAX Price To $100 Imminent With The Start Of Q2! Will Avalanche Lead This AltSeason 2022?

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The post AVAX Price To $100 Imminent With The Start Of Q2! Will Avalanche Lead This AltSeason 2022? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

  The crypto sphere has been putting in significant inputs, for a revival from the gloom in the business. Which has been persistent since the bygone quarter, that has set up barricades. As a result of which the $3 Trillion market cap remains far to achieve the dream. However, a handful of protocols from the business …

Bitcoin to Propel A 40% Bullish Surge This Quarter! Will The Alt Season Decouple From Ethereum? 

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The post Bitcoin to Propel A 40% Bullish Surge This Quarter! Will The Alt Season Decouple From Ethereum?  appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

   The global crypto market is on a quest for a moonish run. That would propel the digital assets from the industry to all-time highs. Where the crypto market’s valuation peaked at $3 trillion. Successively, folks from the crypto town have set their hopes on the star crypto Bitcoin. Which holds the potential to kickstart an …

Is The AltSeason Now At Threat To Bitcoin’s Bullish Leg-Up? BTC To $50k By Fortnight?

BTC for Middle class

The post Is The AltSeason Now At Threat To Bitcoin’s Bullish Leg-Up? BTC To $50k By Fortnight? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

 The global crypto market has been longing for a bullish run, which has been in the mist ever since BTC hit its ATH. The greener numbers being scripted on the charts currently have been instating faith and optimism amongst crypto folks. Wherefore, the quest for a bull run is now growing louder in the crypto …

Are Whales Banking On ETH, ENJ, AXS, COMP, And BAND For A 25% Surge This Q1?

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The post <strong>Are Whales Banking On ETH, ENJ, AXS, COMP, And BAND For A 25% Surge This Q1?</strong> appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The global crypto market’s rise from its shadows has been baffling for the crypto fraternity. Who had little expectations of the market rebounding at this brisk pace? Folks from the business have been lucubrating the events that led to the revival of the market’s positive trends. In the midst of the market’s rebound, the sudden …

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Is LUNA Price Inline For A 42% Run Ahead Of March? Will These Stimulants Trigger The Rally?

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The post Is LUNA Price Inline For A 42% Run Ahead Of March? Will These Stimulants Trigger The Rally? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The world of cryptocurrencies has been seeking a bullish run of altcoins for months now. While an alt season seems to be far from sight, the industry Is spectating a phenomenal rebound of certain altcoins. Which are now illustrating the distinct traits of the industry to novices in the business.  Amongst the top-performers in the …

BTC Whales Stacking ETH, ADA, And DOT, 40% Gains Ahead Of The Altcoin Season?

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The post BTC Whales Stacking ETH, ADA, And DOT, 40% Gains Ahead Of The Altcoin Season? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

 The cryptosphere has been holding on to its price metrics in quest of a massive alt season. That could drive the assets from its directory to the moon, which have been longing for the thrust. Successively, crypto folks have been analyzing investment options, the timeframe of an altseason, consideration of whales amongst others.  In succession, …

Altcoins Heading Towards $5T Market-Cap This Spring ! What to Expect This Alt-Season?

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The post Altcoins Heading Towards $5T Market-Cap This Spring ! What to Expect This Alt-Season? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The universal crypto market, following the headwinds from the supercycle. Has been steadily rising from the blues of the dumps. The industry is currently sailing with a market capitalization of $2.05 Trillion, which suffered a dip of 2.4% over the past day. Following turbulence from the previous day, Santiment suggests that Bitcoin’s average funding rates …

Bitcoin Bullish Signal: NVT Ratio Suggests BTC Is Currently Undervalued

On-chain data shows the Bitcoin NVT ratio currently has values that would suggest the crypto is undervalued at the moment. Bitcoin NVT Ratio Is Moving On A Downtrend Right Now As pointed by an analyst in a CryptoQuant post, the BTC NVT ratio currently has low values that would mean the coin is undervalued right now. The “Network Value to Transactions” (or NVT in short) is an indicator that’s defined as the ratio between the Bitcoin market cap and the transacted volume during a specific time period. Basically, the metric evaluates the value of the crypto using its transaction volume. When the NVT value is high, it means BTC is currently overvalued compared to the ability to transact coins. Such a trend can be bearish for the crypto On the other hand, when the value of the the indicator is low, it implies Bitcoin may currently be undervalued at the moment. This kind of trend can be bullish for the price of the crypto. Related Reading | Bitcoin Market Dominance Hit Highest Since November 2021, No Alt Season in Sight Now, here is a chart that shows how the value of the BTC NVT ratio has changed over the past year: The value of the metric seems to be on a downtrend right now | Source: CryptoQuant As you can see in the above graph, the Bitcoin NVT ratio has been on a downtrend for a while now, and the metric currently has a low value. Related Reading | Bloody Altcoin January Shows Why Bitcoin Remains The Crypto Safe Haven Historically, such a downtrend in the indicator has usually been followed by an uplift in the price of the cryptocurrency. The current value means that Bitcoin is undervalued at the moment, and if past pattern related to the downwards trajectory holds, then the outcome may be bullish for the price of the crypto in the near term. BTC Price At the time of writing, Bitcoin’s price floats around $38.6k, up 2% in the last seven days. Over the past month, the crypto has lost 18% in value. The below chart shows the trend in the price of BTC over the last five days. BTC's price seems to be holding strong around the $38k price mark | Source: BTCUSD on TradingView Since the crash to $33k, Bitcoin has shown some recovery, and has held above the $38k level in the last few days. Currently, it’s unclear if the bottom is in, or if the the value of the crypto will further drop still. However, if the NVT ratio is anything to go by, BTC may be undervalued right now, and thus its outcome may be bullish in the near future. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

Bitcoin Market Dominance Hit Highest Since November 2021, No Alt Season in Sight

After reaching its biggest market capitalization dominance since November 2021 last week, Bitcoin is regaining market share from altcoins. The pioneer momentarily accounted for almost 42% of the global crypto market cap in late January, according to CoinMarketCap data. Bitcoin Dominate Alt coins Since its inception, Bitcoin has been the most popular cryptocurrency. Its domination was unequaled for a long time, as the digital coin’s performance influenced the market’s outcome, bringing altcoins along for the ride in either win or loss scenarios. The influx of new altcoins into the crypto market, all with the goal of dethroning Bitcoin, threw its supremacy into disarray as a slew of altcoins fought for a piece of the pie, ranging from ethereum to dogecoin. Bitcoin dominance 1-day candle chart. Source: TradingView Despite the fact that Bitcoin has been in the red for the majority of the month, its portion of the $1.68 trillion crypto market has increased to around 42%, up from 39% two weeks ago. Bitcoin’s market capitalization has increased for the first time since mid-October, when it dropped from a peak of 46 percent. Throughout the second half of January, Bitcoin has managed to maintain its 40 percent market share. Related article | Bitcoin Supply On Exchanges Hits New Multi-Year Low Of 13.27% Unlike traditional market capitalization, which has remained relatively consistent since the all-time highs in November, realized capitalization has remained reasonably stable since the all-time highs in November, now sitting at $453 billion, according to data from on-chain analytics firm Messari. Bitcoin realized cap vs. BTC/USD chart. Source: Messari Alt Coins In Free Fall Ethereum and Solana, two of Bitcoin’s long-time adversaries, appear to be in severe trouble, with bitcoin’s 20 percent drop in January to about $37,000 still dwarfing the aforementioned. Ether has dropped 34% since the beginning of the year and continues to be wobbly as the debate over record-high fees and Ethereum 2.0, as well as questions about its ability to compete with Bitcoin, rages on. According to data from on-chain analytics startup Glassnode, the value being exchanged on the Ethereum blockchain per $1 in fees is dropping compared to Bitcoin. According to additional data, Bitcoin transaction costs now account for only 1% of the fees paid for ETH transactions. Polkadot is down 41%. Solana, which grew 100-fold in 2021, is now down 47%. Related article | Goldman Sachs: Mainstream Adoption Won’t Boost Bitcoin Price Featured image from Pixabay, chart from TradingView.com and Messari

Bitcoin market cap dominance hits 2-month high as altcoins struggle

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

No sign of a new "alt season" at Bitcoin's expense so far, as controversy over fees continues for Ethereum.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

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