“The long-term bull case remains for bitcoin, but everything in the short-term seems bearish,” Edward Moya, senior market analyst at Oanda, said in an email. “Bitcoin will need to overcome growing expectations for a stronger dollar, an extended altcoin season and short-term bearishness for risk assets as Omicron derails reopening momentum.” Source link … [Read more...] about Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red
Weakens
Bitcoin Dominance Weakens as Altcoins Rally
Bitcoin, the world’s largest cryptocurrency, traded little changed between $60,000 and $63,000 Friday before the U.S. jobs report. The price is also little changed over the week, while altcoins and gaming tokens have seen significant gains.Solana’s SOL token has rallied 21% this week, breaking through its all-time high on Thursday. Ether (ETH) also climbed to a record, hitting … [Read more...] about Bitcoin Dominance Weakens as Altcoins Rally