Altcoin News Daily Official TheBitTimes.com

With Bitcoin (BTC) still struggling to surpass and stay over the critical psychological price level at $60,000, some cryptocurrency experts predict another massive crash before the maiden crypto asset can continue toward making new all-time highs (ATHs). As it happens, Bitcoin has been increasing its dominance in recent weeks, signaling the possibility of a strong crash as it happened before, according to the observations shared by pseudonymous crypto market analyst Mikybull Crypto in an X post on August 12. Bitcoin crash before recovery Specifically, the crypto trading expert has noted that Bitcoin’s “crash down will be as violent as it was after the cycle bottom signal,” matching the flagship decentralized finance (DeFi) asset’s dominance cycle top confirmation, as the analyst’s chart demonstrates. Picks for you Bifrost to transition...

In the last 24 hours, Bitcoin's percentage of the crypto market cap retreated by nearly 1% while Ether gained just over 1.1%. Ether (ETH) prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin (BTC) market dominance. According to Data from the Analysis site btctools.io Ether’s market share climbed to 19.8%, an over 1.1% boost in the last 24 hours while Bitcoin's dominance slid by just under 1%. Since the beginning of the year, ETH dominance has increased by 7.6%. Bitcoin’s market dominance has fallen to 47.7% as Ethereum’s market share increased. The post-Shapella ETH rally has knocked BTC off an almost two-year high in terms of market share. BTC's market share tapped 48.8% on April 12 following its rally to $30,000, the highest it’s been since July 2021 when it came just shy of 50%. Additionally, BTC has not been over 50% dominant since April 2021. Bitcoin's dominance remains up 13.6% sin...