JPMorgan’s cryptocurrency market analysts have pointed to the difference between Bitcoin’s (BTC) spot prices and BTC futures prices as a potential bearish sign for the market. In a Thursday note to clients, JPMorgan analysts led by global market strategist Nikolaos Panigirtzoglou wrote that the Bitcoin market has returned to backwardation — a situation when the spot price is above futures prices. The analysts said that the past month’s correction in crypto markets saw Bitcoin futures reversing into backwardation for the first time since 2018. According to the strategists, Bitcoin futures backwardation should be viewed as a negative sign for BTC …

Crypto traders were greeted by green markets on May 24 as the majority of altcoins saw their prices bounce back following last week's downturn that was the “largest deleveraging event since the March 2020 sell-off,” according to an on-chain report from Glassnode. After suffering the biggest monthly price drop in Bitcoin (BTC) history, bulls now look to stage a comeback with a significant amount of support forming near the $37,000 level, and within the last hour, Bitcoin's price pushed up back to the $40,000 level. The capitulation experienced last week was “one for the history books,” with data from Glassnode …

Bitcoin (BTC) and the wider cryptocurrency experienced another wave of overnight selling which deepened on May 23 as the majority of tokens pummeled to multi-month lows. The market-wide sell-off resulted in the total cryptocurrency market cap shedding another $250 billion in value to $1.33 trillion. The total market cap has now experienced a 46% pullback from the May 11 all-time high at $2.56 trillion, but the stunning turn of events has left the vast majority of traders scrambling to lock in any gains experienced during the run up. This newest wave of selling pressure managed to successfully break below the …

On May 21 the crypto market was hit with a fresh round of fear, uncertainty and doubt (FUD) which sparked another, albeit more muted, sell-off in Bitcoin (BTC) price and a majority of the altcoins. For the second time in less than 3-weeks, China was again the culprit as rumors that regulators were looking to crack down on Bitcoin mining and trading. Media also reported that authorities in Hong Kong proposed banning retail traders from cryptocurrency trading. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) bulls were holding the $40,000 support level prior to the announcement from …

On May 18, Bitcoin (BTC) and the overall cryptocurrency market faced another round of selling as FUD — fear, uncertainty and doubt — impacted investor sentiment after Reuters and various social media outlets reported that China would ban financial institutions and payment companies from providing services related to cryptocurrency transactions. According to these reports, China also issued a warning to several Chinese trade associations about the dangers of cryptocurrency investing. Data from Cointelegraph Markets and TradingView shows that bulls attempted to push the price of Bitcoin back above the $45,000 resistance level on May 18 only to have the price …

While Bitcoin tumbles in response to Elon Musk’s Twitter account yet again, altcoin dominance has surged to its highest level in roughly three years. As of this writing, Bitcoin (BTC) represents 40.3% of the combined crypto asset capitalization — the lowest it has been since June 2018, according to CoinMarketCap. Bitcoin hit a market dominance low of 33% in January 2018 when it was cooling from its previous peak, while the altcoins were just hitting theirs. It is currently not far off its second-lowest level of 36% of three years ago in May 2018. The combined capitalization of altcoins is …

Ether (ETH), the second most-valued cryptocurrency after Bitcoin (BTC), has hit a major milestone amid the ongoing price rally. On Wednesday, Ether’s price set another historic record, surging to as high as $4,346, according to data from CoinMarketCap. Ethers market capitalization briefly surpassed $500 billion, reaching nearly $505 billion on Wednesday. The new milestone marks Ether’s ongoing massive surge after it surpassed the $4,000 price mark for the first time in its history on Monday. At the time of writing, ETH is trading at $4,317, up more than 6.4% over the past 24 hours and seeing massive gains of about …

Ether (ETH) eclipsed $4,000 for the first time on Monday, passing the psychologically significant barrier on multiple exchanges, including Coinbase. The new milestone comes just a week after breaking $3,000. Last week, ETH overtook Bank of America stock as the 28th-largest asset in the world. But at $454.49 billion as of today, ETH has now eclipsed the market capitalization of consumer-staples giants Wal-Mart and Johnson and Johnson, and it is knocking at the door of JPMorgan Chase — the largest United States bank by assets under management. Part of the rise may be linked to increasing institutional interest in the …

Dogecoin (DOGE) has been the poster child of altcoins for a very long time, particularly as it's been around since 2013, making it one of the oldest cryptocurrencies in existence. The inflationary meme-coin quickly became synonymous with wild price pumps due to its small nominal value and concentrated holdings. Doge starts altseason by the way in case you've forgot. — BIG DOG (@MoonOverlord) April 16, 2021 Such unprecedented short-term price rallies history caused some investors to use DOGE price as a leading indicator for an altcoin season. But this probably does make some sense. After all, Dogecoin is nothing more …

The market capitalization of Dogecoin (DOGE), a meme-based cryptocurrency that started as a joke seven years ago, briefly passed that of major Japanese video game company Nintendo following a price rally. According to data from AssetDash, the market cap of DOGE surged to $77.7 billion on Tuesday following a rally that took the price of the coin above $0.60 for the first time. This rally put the market cap of the project ahead of both cryptocurrency exchange Coinbase at $73.8 billion and Nintendo at $76.3 billion. Though the price of DOGE has since fallen to $0.53, its market cap is …

At more than $52 billion, the market capitalization of meme-based cryptocurrency Dogecoin (DOGE) has already passed that of Twitter, U.S. car manufacturer Ford, and now, Tether. According to data from AssetDash, the market cap of Dogecoin is $52.5 billion, more than $400 million higher than that of Tether (USDT) at $52 billion. The token has already surpassed Ford's and Twitter's market capitalization at $45.1 billion and $43.1 billion, respectively. The weeklong surge in DOGE price follows crypto-friendly trading platform eToro announcing it will begin listing Dogecoin. In a statement to Cointelegraph, a representative for eToro said the platform had added …

Ethereum’s Ether (ETH) token eclipsed the psychologically significant mark of $3,000 per token on Monday, rising as high as $3,003 on Binance at the time of publication. ETH price reached the milestone on several major exchanges, including Bybit, Coinbase and BitMEX. The surge has helped Ethereum overtake institutions such as The Walt Disney Company and Bank of America in terms of total market capitalization. The world’s largest smart contract-enabled layer-one blockchain has grown 24% on the week to $346.72 billion, according to tracking website Infinite Market Cap. By comparison, Bitcoin (BTC) is presently sitting at a $1.079 trillion market cap, …