What are altcoins?The word “altcoin” is derived from “alternative” and “coin.” Altcoins refer to all alternatives to Bitcoin. Altcoins are cryptocurrencies that share characteristics with Bitcoin (BTC). For example, Bitcoin and altcoins have a similar basic framework. Altcoins also function like peer-to-peer (P2P) systems and share code, much like Bitcoin.Of course, there are … [Read more...] about How to pick or analyze altcoins?
Altcoins
First Mover Asia: Bitcoin, Altcoins Rise and Then Sink
Good morning. Here’s what’s happening:Market moves: The largest cryptocurrency by market capitalization falls under $41,000; ether and other major altcoins also drop.Technician's take: Oversold conditions are attracting short-term bitcoin buyers.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): … [Read more...] about First Mover Asia: Bitcoin, Altcoins Rise and Then Sink
Ether, Altcoins Tank, With Bitcoin as Decoupling Narrative Goes Up in Smoke
Traders will be keenly watching bitcoin's UTC close on Friday, as potential failure to rise back above $40,000 may invite more chart-driven selling. "The loss of the $40,000 mark today will likely lead to more bearish sentiment, which in turn could push the price further down – it could even test last July's low of $30,000," Robbie Liu, a researcher at crypto financial services … [Read more...] about Ether, Altcoins Tank, With Bitcoin as Decoupling Narrative Goes Up in Smoke
Bitcoin Stabilizes; Analysts See Relative Value in Altcoins
"Despite major developments in the bitcoin market, the current market narratives continue to lean towards emerging developments outside Ethereum and Bitcoin, namely Ethereum competitors, scaling solutions and OpenSea alternatives," 21Shares, a crypto investment firm, wrote in a report. Source link … [Read more...] about Bitcoin Stabilizes; Analysts See Relative Value in Altcoins
First Mover Asia: Bitcoin Erases Prior Days' Gains; Altcoins Slide
Good morning. Here’s what’s happening:Market moves: Bitcoin's price slid in tandem with tech stocks.Technician’s take: BTC downside could persist into the Asia trading day; support around $40K.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $42,581 -3.2%Ether (ETH): $3,250 -3.5%MarketsS&P 500: … [Read more...] about First Mover Asia: Bitcoin Erases Prior Days' Gains; Altcoins Slide