Bitcoin holds steady against economic headwinds, outshining Ethereum

Bitcoin holds steady against economic headwinds, outshining Ethereum
фото показано с : cryptoslate.com

2024-4-12 15:15

Quick Take

In the midst of economic uncertainty, Bitcoin continues to dance around the crucial $70,000 level, demonstrating its resilience despite the DXY index steadily climbing towards 106 and US yields on the rise. As investors seek safe-haven assets, many are looking to gold for guidance, hoping that Bitcoin, often referred to as “digital gold,” will follow suit.

Bitcoin Dominance: (Source: TradingView)

Despite a slight dip at the beginning of April, Bitcoin’s dominance in the digital asset market remains strong, currently at 54.6%, just below the cycle highs of 55.2%. This growth in dominance, up 6% year-to-date, indicates that investors, on aggregate, are favoring Bitcoin over other digital assets.

Another noteworthy trend is the ETH/BTC ratio, which remains below the critical 0.05 threshold, suggesting that Bitcoin is outperforming Ethereum. The ETH/BTC ratio has declined by 6% year-to-date and 20% over the past year. As the DXY index continues to surge, market observers are keeping a close eye on Bitcoin and gold, anticipating that they may continue to hold their ground or even follow the upward trend, providing a potential hedge against economic instability.

ETHBTC: (Source: TradingView)

The post Bitcoin holds steady against economic headwinds, outshining Ethereum appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 60384.2 (+0.15%)
Объем 24H $32.721b
Изменеия 24h: -4.23 %, 7d: -9.51 %
Cегодня L: $60214.79 - H: $64565.33
Капитализация $1189.109b Rank 1
Цена в час новости $ 67551.87 (-10.61%)

bitcoin economic dxy index despite resilience level

Источник: cryptoslate.com

bitcoin economic → Результатов: 126


Bitcoin Dominance Could Soar to 90% amid Economic Crisis, Crashing Altcoin Market

More and more traders would dump their altcoin investments to seek shelter in bitcoin amidst a deepening financial crisis, according to Qiao Wang, head of product at Messari. The New York-based angel investor said Wednesday that he expects bitcoin’s dominance to rise above 90 percent by the end of the ongoing economic slowdown. The term...

2020-3-26 15:22


Фото:

Bitcoin as the Solution to the Brewing Global Economic Crisis

Admir Tulic, a crypto enthusiast and investor, has likened Bitcoin to a valuable cure for a global economic disease. Writing in a blog post on his Medium page, the Accept.io Content and Community Manager stead that the pioneer cryptocurrency will take on and defeat what he terms as “the massive over-indebtedness and money-printing system that leads straight to the sixth...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-8 01:00


Фото:

The Daily: EU Urged for Common Crypto Rules, EEU Ready for Common Crypto

A Brussels-based think tank has urged the European Union to adopt common crypto regulations. Its report will be reviewed during this week’s meeting of the EU finance ministers in Vienna. Also in The Daily, the Eurasian Economic Union may adopt a single settlement currency, possibly a crypto, Samsung Pay offers a tokenized money transfer service […] The post The Daily: EU Urged for Common Crypto Rules, EEU Ready for Common Crypto appeared first on Bitcoin News.

2018-9-8 15:30


Фото:

Bitcoin vs. Fiat: The Cryptocurrency Outperformed 3 National Currencies in 2018

As many countries in South America, Africa, and Eastern Europe are in the midst of an economic crisis, depreciating national currencies don’t come as a surprise. What did come as a shock was the fact that bitcoin would be the first to challenge the stability of fiat currencies, outperforming three different national currencies in 2018, as research from Pension Partners...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-5 03:00


Emerging Markets Are the Biggest Determinant of Bitcoin’s Price Movement: Fundstrat’s Tom Lee

Mining and network effects affect the price of Bitcoin, but according to Tom Lee, the biggest determinant of Bitcoin’s price movement is the emerging markets. In a recent interview, the Bitcoin researcher from Fundstrat Global Advisors stated that the economic factors at play in emerging markets have had the biggest effect on the price of […]

2018-8-30 01:00


Роджер Вер порассуждал о блокчейне в недвижимости и перспективах умных городов

Роджер Вер, один из первых инвесторов в биткоин, в интервью изданию Korea Economic Daily порассуждал о перспективах блокчейна в сфере недвижимости. Глава Bitcoin. com заявил: Технология блокчейн повлияет не только на финансовые рынки.

2018-8-24 11:54


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

How to earn Bitcoin: mining, trading, and more

Learn how to earn Bitcoin (BTC) through mining, trading, freelancing, airdrops, and incentivized social media. Following the SEC’s approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S. in January, the world’s largest cryptocurrency by market cap has increasingly become…

CryptoQuant says miners maintain pre-halving pace despite upgrade

Although transactions surged and fees hit records following the RUNES protocol launch, miners could still struggle with lower fees and steady hashrate after the halving, analysts say. Despite the recent halving event, which saw the block reward drop from 6.25…

Exchanges expected to run out of Bitcoin 9 months after halving – Bybit report

A recent analysis by crypto exchange Bybit has sounded the alarm on a potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if demand remains at similar levels. The report predicts that reserves could be entirely depleted within the next nine months if current withdrawal rates persist — currently around 7000 BTC […] The post Exchanges expected to run out of Bitcoin 9 months after halving – Bybit report appeared first on CryptoSlate.