• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Altcoins Poised For December Gains As Bitcoin Loses Ground

SB Crypto Guru News by SB Crypto Guru News
December 2, 2024
in Bitcoin
0 0
0
Altcoins Poised For December Gains As Bitcoin Loses Ground


Este artículo también está disponible en español.

Although Bitcoin remains the world’s top digital asset, its price oscillating between $90k and $96k this week, some experts are looking ahead and beyond Bitcoin.

Related Reading

According to some crypto commentators over Twitter/X, Bitcoin’s market dominance is dipping, which means that altcoin season is about to start. In a post by MikyBull Crypto, Bitcoin’s market dominance falls below its two-year support line, creating plenty of opportunities for holders and traders.

According to TradingView, Bitcoin’s current dominance is 56.67%, from last week’s 57%, breaking through its support level for two years. Analysts say that the continuous dip in Bitcoin’s dominance will impact the general crypto market this December and onwards.

On-chain and market data suggest that altcoins are poised for a market run, with MikyBull Crypto saying that its season started November 30th.

Wow, Bitcoin dominance has just broken down the 2-year support.

We are indeed officially in #ALTSEASON folks! https://t.co/IYfQF7P7XI pic.twitter.com/fVysBYuOKn

— Mikybull 🐂Crypto (@MikybullCrypto) November 30, 2024

A Look At Bitcoin Market Dominance

In crypto, analysts and market participants use a variety of metrics to assess Bitcoin’s performance. Bitcoin dominance is one reliable metric used to determine the relative market share of the asset in the crypto sector. The higher the percentage share of BTC, the better it is for holders and investors.

However, Bitcoin’s dominance score has been dipping in recent weeks. As of December 2nd, it is at 55.3%, compared to 58.9% last month. According to MikyBull Crypto, Bitcoin has dipped below its two-year support.

A declining Bitcoin dominance offers insights into the traders’ and investors’ strategies. One takeaway is that investors are reallocating their cash to other digital assets. Many analysts say that some of these investors are reallocating funds to altcoins, like XRP, which is now surging.

Analysts say investors are potentially diversifying their funds and looking at other high-growth coin alternatives.

Bitcoin market cap currently at $1.89 trillion. Chart: TradingView.com

Analysts And Crypto Commentators Offer Differing Insights

A few altcoins are currently leading the market surge. Ether is experiencing a spike in price and increased demand for leveraged ETH exchange-traded funds. On-chain data shows the product experienced a 160% increase in demand immediately after the November 5th US elections. Analysts remain bullish on ETH, and many expect the asset to hit $4k soon. Then, there’s XRP, which trades above the $2 level.

Pav Hundal of Swyftx offers a conservative opinion, saying that Bitcoin’s dominance score may still hit 65%, 67%, or even 70% before it declines. He argues that complex factors make it impossible to pick the right date for altcoin’s surge or Bitcoin’s decline.

BTC price down in the last 24 hours. Source: Coingecko

Related Reading

Not All Analysts See An Altcoin Surge Soon

Meanwhile, not all crypto commentators agree that altcoins’ surge will come in days. Ki Young Ju of CryptoQuant advises caution on times like this. The CryptoQuant CEO remains bullish on Bitcoin, adding that there’s still institutional support for Bitcoin, and it’s unlikely that they will refocus on speculative assets.

The CEO added that for altcoins to reach all-time high market caps, these assets need a considerable capital inflow to cryptocurrency exchanges. He said that altcoins must develop strategies to earn capital instead of relying on Bitcoin’s lack of momentum.

Featured image from Finimize, chart from TradingView





Source link

Tags: AltcoinsBitcoinBitcoin NewsCrypto NewsCrypto UpdatesDecemberGainsgroundLatest News on CryptoLosesPoisedSB Crypto Guru News
Previous Post

Hoskinson’s ‘Quantum Hosky’: is he serious

Next Post

PepeCoin Unveils $BASED Mainnet to Integrate AI and Blockchain Technology

Next Post
PepeCoin Unveils $BASED Mainnet to Integrate AI and Blockchain Technology

PepeCoin Unveils $BASED Mainnet to Integrate AI and Blockchain Technology

  • Trending
  • Comments
  • Latest
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Character.AI Unveils Real-Time AI Video Technology with TalkingMachines

Character.AI Unveils Real-Time AI Video Technology with TalkingMachines

0
Grayscale ETF Faces Indefinite Delay as SEC Reassesses Earlier Approval

Grayscale ETF Faces Indefinite Delay as SEC Reassesses Earlier Approval

0
No Cheap Power for Miners: IMF Blocks Pakistan’s Proposal

No Cheap Power for Miners: IMF Blocks Pakistan’s Proposal

0
Trump seeks to defund Institute of American Indian Arts – The Art Newspaper

Trump seeks to defund Institute of American Indian Arts – The Art Newspaper

0
Revised Elliott Wave Count Reveals When To Sell Bitcoin — It’s Above 0,000

Revised Elliott Wave Count Reveals When To Sell Bitcoin — It’s Above $300,000

0
Bitcoin Price Coiling Up — Is a Surge Past 0K on Deck?

Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?

0
Character.AI Unveils Real-Time AI Video Technology with TalkingMachines

Character.AI Unveils Real-Time AI Video Technology with TalkingMachines

July 4, 2025
Revised Elliott Wave Count Reveals When To Sell Bitcoin — It’s Above 0,000

Revised Elliott Wave Count Reveals When To Sell Bitcoin — It’s Above $300,000

July 4, 2025
Bitcoin Price Coiling Up — Is a Surge Past 0K on Deck?

Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?

July 4, 2025
Toncoin Walks A Tightrope At .80 As Market Tension Builds

Toncoin Walks A Tightrope At $2.80 As Market Tension Builds

July 3, 2025
Summer Curtailments Slash Bitcoin Production for US Miners Amid Grid Pressures

Summer Curtailments Slash Bitcoin Production for US Miners Amid Grid Pressures

July 3, 2025
Trump seeks to defund Institute of American Indian Arts – The Art Newspaper

Trump seeks to defund Institute of American Indian Arts – The Art Newspaper

July 3, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.