Features Crypto News by Thebittimes.Com

The research arm of a top crypto exchange says that digital assets may be poised for an end-of-the-year rally. In a new research report, Bitfinex says that the altcoin market cap may bottom in September before surging again in the fourth quarter as institutional crypto investing remains healthy despite a sudden downturn in digital assets. “Altcoins have been faring worse [than Bitcoin], reflecting broad risk-off behavior. ETH retreated 14% after briefly posting new ATHs (all-time highs), while XRP, ADA and DOGE saw double-digit losses. Yet, institutional demand remains resilient beneath the surface, with ETH treasuries and corporate buyers continuing to expand holdings. Mid-cap names like CRO and PUMP outperformed via narrative-driven rallies, though this rotation came at the expense of weaker names, not new inflows. What is emerging is an altcoin market cap that is stagnating, with any movement in alts signaling capital rotation rather than expansion. With ...

Bitcoin rose to a new all-time high above $82 on November 11, 2024 Over 40,000 Bitcoin valued at nearly $3.28 billion have left exchanges in the past week. The price of Bitcoin (BTC) has climbed to a new record high above $82,000 as the momentum that pushed cryptocurrencies higher continues to dictate sentiment. On Monday, BTC reached highs of $82,329 across major exchanges to put the flagship digital asset up more than 20% over the past week. The gains have also impacted altcoins, with notable performances for Ethereum that has crossed above $3,100 and Solana that’s eyeing a new year-to-date high. Cardano, BNB and meme coins Dogecoin and Shiba Inu are also trading higher. Over 40,000 BTC leave exchanges According to crypto analyst Ali Martinez, Bitcoin’s spike to the new ATH comes as the amount of BC leaving exchanges surges. In the past week, Ali noted via X, bullish BTC holders have withdrawn over 40,000 bitcoins from exchanges. This represe...