BlockChain News

Potential Bitcoin dominance signals Altcoin momentum | Flash news details

On February 16, 2025, Crypto Rover (@robercrc) tweeted that Bitcoin dominates is about to reflect strongly, hinting to the ups of Altcoins (Crypto Rover, Twitter, 2025-02-16). This statement is supported by data that shows a significant decrease in the dominance of the Bitcoin market from 52 % to 49 % over the past 24 hours, as Coinmarketcap mentioned at 10:00 am UTO on February 16, 2025 (Coinmarkcap, 2025-02-16) . This shift was accompanied by an increase of 3 % in the maximum ETHEREUM market, reaching $ 380 billion at 11:00 am UTINECKO (CONINECKO, 2025-02-16). In addition, Altcoins, such as Cardano and Solana, witnessed that their market covers rise by 5 % and 4 %, respectively, in the same time frame, as in CryptocCOCORPare data (CryptocCOCAMPare, 2025-02-16). Altcoins trading volume increased by 15 % in the past 24 hours, reaching 12 billion dollars at 12:00 pm UTC, indicating increased interest and potential purchase pressure (Tradingvief, 2025-02-16). The scales on the chain support this trend, with the number of active addresses of ETHEREUM increased by 10 % to 1.2 million at 9:00 am UTC, indicating an increase in network activity and potential upward feeling (ETHERSCAN, 2025-02-16). This shift in hegemony is also reflected in Bitcoin of ETHEREUM (BTC/ETH), as the percentage has decreased from 20.5 to 19.8 over the past 24 hours, indicating a relative strengthening of ETHEREUM against Bitcoin (Binance, 2025-02-16). Other commercial pairs, such as BTC/ADA and BTC/SOL, have witnessed similar movements, with a decrease in proportions from 0.000012 to 0.000011 and from 0.00025 to 0.00024, respectively, indicating a broader transformation in the market morale towards Altcoins (Kaken, 2025-02-16 ).

The effects of this shift in bitcoin domination are important for merchants, as they indicate a potential circulation of Bitcoin capital to Altcoins. The increase in the maximum ETHEREUM market indicates 3 % to 380 billion dollars, as CONINECKO said at 11:00 am World time on February 16, 2025, that investors may search for higher returns in Altcoins, especially in existing projects such as Ethereum (Coingecko , 2025 -02-16). Increasing the trading volume of Altcoins by 15 % to 12 billion dollars, as I noticed TradingView at 12:00 pm UTC supports this narration, indicating an increase in liquidity and price movements (Tradingvief, 2025-02-16). The rise in active addresses on the ETHEREUM network indicates 10 % to 1.2 million, according to ETHERSCAN at 9:00 am UTC is to the user’s increasing participation and potential upward feelings (ETHERSCAN, 2025-02-16). This may be a suitable time for traders to consider Altcoins, especially those who have strong basics and increase network activity. The decrease in the BTC/ETH percentage from 20.5 to 19.8, as Binance mentioned at 10:00 am International time, indicates that ETHEREUM is gaining land against Bitcoin, which may indicate a wider market direction (Binance, 2025-02-16). Merchants should monitor other Altcoin pairs such as BTC/ADA and BTC/SOL, which also witnessed their decrease, indicating the similar market dynamics (Kraken, 2025-02-16).

Technical indicators also provide an insight into the current market dynamics. The Relative Power Index (RSI) for ETHEREUM rose, as it was mentioned in TradingView at 11:30 am International time on February 16, 2025, from 55 to 62, indicating an increase in momentum and potential conditions that are clarified (TradingView, 2025-02-16-16 ). The MACD MACD of ETHEREUM showed a bullish intersection, crossing the MACD line above the signal line at 11:00 am World time, indicating a possible continuity of the upward trend (Tradingvief, 2025-02-16). ETHEREUM trading volume increased by 20 % to 8 billion dollars in the past 24 hours, according to data from Coinmarketca at 12:00 pm UTC, which supports oud feelings (Coinmarketcap, 2025-02-16). The series also increased on the chain such as the number of active addresses and the volume of transactions on the ETHEREUM network, with the previous increase by 10 % to 1.2 million, and the latter by 15 % to 2.5 million transactions at 9:00 am International time. Etherescan, 2025-02-16). These indicators indicate that Ethereum and other altcoins may be ready to make more gains, and traders must consider these technical signals when making trading decisions.

In the context of developing artificial intelligence, recent developments in artificial intelligence technology did not directly affect the transformation of the current market towards altcoins. However, the relationship between AI and the broader encryption market is still important. Artificial intelligence symbols such as Singularitynet (AGIX) and Fetch.ai (Fet) have witnessed a slight increase in trading volume by 5 % and 4 %, respectively, over the past 24 hours, Coingecko said at 11:00 am on February 16. , 2025 (Coingecko, 2025-02-16). This increase in the trading volume may be composed of increased interest in artificial intelligence projects amid the broader altcoin gathering. The relationship between artificial intelligence and major cryptocurrencies such as Bitcoin and excitement is still positive, with a 0.65 correlation coefficient for Agix/BTC and 0.70 for FET/ETH, according to data from Cryptoquant at 10:00 am (Cryptoquant, 2025-02-16) . Traders looking for Crypto Crossover opportunities must closely monitor these symbols, because they may benefit from both Rally Altcoin and progress in artificial intelligence technology. The total market morale towards the projects driven by artificial intelligence is still positive, while increasing the investment and development activity in this sector, which may further affect trading and prices in the future.

https://image.blockchain.news/features/DC3788979712BF4DFF603597AAC46E7C52F8B5EF76BC21453D757F37CDB271FE.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button