Features Crypto News by Thebittimes.Com

A closely followed crypto analyst says altcoins may undergo an explosive rally once a key Bitcoin (BTC) metric reverses. In a new strategy session, crypto trader Rekt Capital tells his 536,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon enter a downward phase after hitting a historic peak level, setting alts up to outperform the flagship crypto asset. Bitcoin dominance currently stands at 61.86%. Traders use BTC.D to track if altcoins are outperforming Bitcoin as the metric calculates how much of the crypto market cap belongs to BTC. Rekt also says that alts may have smaller rallies when there are temporary BTC.D pullbacks before a trend reversal. “Yes, Bitcoin dominance is in a macro uptrend that could see it revisit 71% over the course of the next few months But as with any macro uptrend pullbacks do happen as part of the journey in the meantime. And it is these pullbacks in Bitcoin dominance that will enab...

Chainlink (LINK) is up nearly 5% on Tuesday, in part thanks to the latest whale movements around the altcoin this past weekend. LINK prices have surged by 18% in just three days after retesting a critical support level near $19. The token whale activity intensified as over 1.40 million LINK were accumulated, signaling the potential for a further rally. At press time, LINK is up to $24.38. The asset is expected to bump a bit in January as “altcoin season” gets underway. Several crypto analysts see 2025 as a big year for digital assets, especially in the US. Whales seemingly agree, buying in on several top coins including Chainlink LINK. On January 5, Ali Charts, a popular crypto expert, posted on X (formerly Twitter) that whales have purchased over 1.40 million LINK tokens in the past four days. The mass purchase has led to a 20% rise for the altcoin over the weekend. On the 7-day chart, Chainlink is up 20.69% thanks to the weekend climb. According to Ali, this accumulation s...

The market has experienced a slight pullback in recent weeks, but overall sentiment remains neutral, with a promising outlook for Q1 2025 in the blockchain sector. The altcoin season index is currently at 49, signaling a balanced market environment. This phase of consolidation could potentially set the stage for a new mini bull run. Meanwhile, a new token, Meme Index (MEMEX), has recently raised over $1 million in its presale, marking a significant milestone. Through curated indexes that offer market-wide exposure, this platform seamlessly blends innovation, decentralization, and community governance. Designed for meme coin enthusiasts, $MEMEX empowers users to tap into the dynamic growth potential of meme coins while tailoring their investments to match their preferred risk level. This decentralized meme coin index offers various investment baskets, including the Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index. Holders of $MEMEX can explore four d...