FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Bitcoin (BTC) Rises While Altcoins Struggle to Follow - Global Coin Report
Connect with us

Bitcoin

Bitcoin (BTC) Rises While Altcoins Struggle to Follow

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

After months of going down, Bitcoin (BTC) finally seems to be on a steady rise once again, and experts believe that the coin has barely started its return. While altcoins have seen significant increases also, they still cannot hope to match Bitcoin’s new behavior.

Bitcoin (BTC) still on the rise

Ever since early January, cryptocurrencies have had their prices dropping constantly, and it came to a point where many have started to question whether cryptos will really survive the downfall. Now, after more than 6 months, Bitcoin has led another bullish run by spiking up by 19% during last week.

This week has seen another increase, 5.8% on Monday alone, which has put even more distance between the first crypto and its altcoins. Over the years, many cryptos have emerged and claimed to be Bitcoin’s rivals, but now, it would seem that BTC is denying those claims by leaving all other coins in the dust.

This even includes the second and third coin as per CoinMarketCap, Ethereum (ETH) and Ripple (XRP). Since Monday, Bitcoin’s cut a tiny portion of its advance, but even though its rise dropped from yesterday’s 5.8% to today’s 4.7% compared to last week, the coin still has a significant head start.

Currently, Bitcoin’s price is at $7,998.74, which leaves BTC at the highest value in the last two months. Even the broader crypto market has turned out to not be capable to keep up with such an increase, and Bitcoin seems to be flourishing, leaving other coins’ progress barely noticeable.

Is the increase only starting, or is it about to end?

It is no secret that 2018 has been a very tough year for cryptos. A lot has been achieved in the real world, especially regarding their adoption, partnerships, projects, and alike. Within the crypto market, however, the prices continued to go down day after day. A slight increase in mid-May has left everyone hoping, only to re-live another January, when the prices crashed to pretty much the same lows as before.

The two months after that were especially tough, and filled with negative news of lawsuits, hacks, strict regulations, and more. Still, the long-awaited bull market seems to have finally started last week, and cryptos have been on a constant rise ever since.

While there are many skeptics who remain certain that the rally will and every minute now, there are many experts and market technicians who claim that cryptos are just getting started. Not only that, but they have been expecting it and warning about it for months. Now, many are wondering why is BTC doing so much better than the altcoins?

The answer to this might lie in its status as the largest crypto, which Bitcoin can benefit from, while all the other cryptos are only allowed to follow from a distance. The alternative is that the altcoins’ reputation has been damaged after the Group of 20 nations’ decision to classify them as crypto-assets that do not possess the attributes needed to be considered sovereign currencies.

On the occasion, they stated that crypto assets are not a threat to the global financial stability. At least, not at this point. It was decided that October of this year will see the final decision regarding how the standards apply to the case of crypto assets.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Bitcoin

Why Bitcoin (BTC) Revival is Likely to Continue

Published

on

Bitcoin (BTC) revival
READ LATER - DOWNLOAD THIS POST AS PDF

The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

Continue Reading

Bitcoin

How to Become a Millionaire without Risking Everything with Bitcoin

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

Continue Reading

Bitcoin

The Best Time to Buy Bitcoin (BTC) Approaches

Published

on

Buy Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

Continue Reading

Elite