Tuesday, March 21, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home EVM News Avalanche Network

Why Bitcoin And Stablecoin Dominance Is On The Rise

by ethozedge
May 3, 2022
in Avalanche Network
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


Bitcoin and the crypto market are back in the red. The first crypto by market cap records a 2% loss in the last 24-hours and could push other digital assets into critical support zones.

Related Reading | Bitcoin Indicator Hits Historical Low Not Seen Since 2015

At the time of writing, Bitcoin is one of the best-performing assets in this ranking only surpassed by Binance Coin (BNB) and Ethereum (ETH), according to data from Coingecko. BTC’s price trades at $37,600 with a 7% loss over the past week.

Bitcoin BTC BTCUSD
BTC moving sideways on the 4-hour chart. Source: BTCUSD Tradingview

After a major outage to its network, Solana (SOL) records a 16% loss and stands as the worst-performing cryptocurrency by market cap. Terra’s native cryptocurrency LUNA closely follows with a 15.5%.

These losses seem small when compared to other cryptocurrencies in the top 100 by market cap. Tokens that were higher in the ranking, like Shiba Inu (SHIB) and Avalanche (AVAX), now record as much as 20% losses in one week alone.

According to a recent report from Arcane Research, smaller cryptocurrencies have been underperforming in the current market conditions. Investors seem to be fleeting to “safety” as the appetite for risk decreases pending a potential 50 basis point increase from the U.S. Federal Reserve (FED).

While Bitcoin and larger cryptocurrencies have been showing a correlation with a 16% loss for April, Arcane Research’s small-cap index and mid-cap index are trending lower. The former record a 30% loss while the latter records a 29% loss over the same period.

Conversely, Bitcoin’s dominance has been moving opposite to small coins. This metric stands at 42% with a high probability of extending as macro-conditions continue to prove unfavorable. Arcane Research noted:

Stablecoins also see growing dominance. UST has entered the top 10, becoming the first algorithmic stablecoin to achieve this. We now have three stablecoins among the top 10, and 4 among the top 11, illustrating the current flight to safety tendencies in the market.

Bitcoin BTC BTCUSD
Source: Arcane Research

What To Expect From Bitcoin In The Short Term?

A separate report from FTX Access claims the market is pricing 50 bps hikes for the upcoming four FED meetings. This would place interest rates at around 2 or 2.5 bps for the end of 2022.

Related Reading | Bitcoin Taker Buy-Sell Ratio Rebounds Back Into “Hold” Zone

In that sense, FTX Access claims that unless there is a surprise from the financial institution, the market could see some relief:

Powell’s tone will be interesting but without raising +75bps or increasing the pace of QT it’s a high bar for a hawkish surprise. Some of this is cause for optimism, but unfortunately sentiment is rock bottom.



Source link

Tags: Bitcoinbitcoin newscrypto analysiscrypto newsdominanceEthoz EdgeLatest bitcoin newslatest crypto newsRisestablecoin
Share76Tweet47

Related Posts

How Does Cryptocurrency Work? For All Interested in Extra Income Online – Cryptopolitan

by ethozedge
March 18, 2023
0

Earning money online provides you with the freedom to spend some free time with no need to follow up on people....

Stacks Soars 115% Weekly, Bitcoin Eyes $28K: Weekend Watch

by ethozedge
March 18, 2023
0

Bitcoin initiated yet another leg up in the past 24 hours, resulting in nearing $28,000 for the first time since...

Bitcoin Soars Above $26K on Fed’s $300B Injenction into US Banks (Market Watch)

by ethozedge
March 17, 2023
0

Bitcoin skyrocketed by roughly $2,000 in a day as the US Federal Reserve announced lending $300 billion to certain struggling...

AVAX/USD can potentially break lower than $15 – Cryptopolitan

by ethozedge
March 15, 2023
0

Avalanche price analysis has a very heavily bearish sentiment today after staying bullish for three days straight between 12th and...

The 10 Best Crypto Podcasts in 2023

by ethozedge
March 14, 2023
0

Podcasts are a great medium for information and entertainment, as they can be listened to anywhere. Whether you’re driving to...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Crypto Fear And Greed Index Surges To 16-Month High As Bitcoin Breaches $28,000

March 21, 2023

Shiba Inu Whale Moves 24 Trillion SHIB From Crypto Exchange To Cold Storage

March 21, 2023

FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money – Bitcoin News

March 21, 2023

Euler hacker offers to negotiate return of funds

March 20, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

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

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

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
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,706.00-2.22%
  • ethereumEthereum(ETH)$1,741.51-3.11%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.010.02%
  • binancecoinBNB(BNB)$331.39-2.02%
  • usd-coinUSD Coin(USDC)$1.000.11%
  • rippleXRP(XRP)$0.3872530.28%
  • cardanoCardano(ADA)$0.335430-3.05%
  • staked-etherLido Staked Ether(STETH)$1,740.69-2.72%
  • matic-networkPolygon(MATIC)$1.10-5.35%
  • dogecoinDogecoin(DOGE)$0.071370-4.96%
  • solanaSolana(SOL)$21.81-6.53%
  • binance-usdBinance USD(BUSD)$1.010.05%
  • polkadotPolkadot(DOT)$6.07-5.91%
  • shiba-inuShiba Inu(SHIB)$0.000010-4.34%
  • tronTRON(TRX)$0.065847-1.66%
  • litecoinLitecoin(LTC)$78.33-5.88%
  • daiDai(DAI)$1.00-0.07%
  • avalanche-2Avalanche(AVAX)$16.54-6.00%
  • uniswapUniswap(UNI)$6.14-5.39%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,704.00-1.94%
  • ToncoinToncoin(TON)$2.40-0.19%
  • chainlinkChainlink(LINK)$6.92-3.72%
  • cosmosCosmos Hub(ATOM)$11.42-6.16%
  • leo-tokenLEO Token(LEO)$3.380.19%
  • moneroMonero(XMR)$153.50-1.07%
  • ethereum-classicEthereum Classic(ETC)$19.58-7.06%
  • okbOKB(OKB)$45.33-5.75%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$127.43-6.02%
  • filecoinFilecoin(FIL)$5.71-8.04%
  • stellarStellar(XLM)$0.086219-2.33%
  • AptosAptos(APT)$11.88-7.91%
  • true-usdTrueUSD(TUSD)$1.01-0.11%
  • lido-daoLido DAO(LDO)$2.26-8.11%
  • quant-networkQuant(QNT)$124.96-6.13%
  • hedera-hashgraphHedera(HBAR)$0.060205-5.74%
  • crypto-com-chainCronos(CRO)$0.069339-7.78%
  • nearNEAR Protocol(NEAR)$1.95-7.70%
  • vechainVeChain(VET)$0.022363-8.71%
  • blockstackStacks(STX)$1.16-9.18%
  • internet-computerInternet Computer(ICP)$5.07-5.67%
  • algorandAlgorand(ALGO)$0.207659-5.79%
  • apecoinApeCoin(APE)$3.99-6.17%
  • the-graphThe Graph(GRT)$0.146240-6.62%
  • eosEOS(EOS)$1.14-2.10%
  • fantomFantom(FTM)$0.447714-11.81%
  • the-sandboxThe Sandbox(SAND)$0.64-8.06%
  • immutable-xImmutableX(IMX)$1.25-14.16%
  • aaveAave(AAVE)$75.32-5.09%
  • decentralandDecentraland(MANA)$0.59-7.63%
  • elrond-erd-2MultiversX(EGLD)$42.82-3.40%
  • flowFlow(FLOW)$1.03-5.81%
  • tezosTezos(XTZ)$1.15-7.70%
  • fraxFrax(FRAX)$1.000.05%
  • theta-tokenTheta Network(THETA)$1.00-6.89%
  • axie-infinityAxie Infinity(AXS)$8.35-8.54%
  • havvenSynthetix Network(SNX)$2.87-2.83%
  • kucoin-sharesKuCoin(KCS)$9.27-1.31%
  • neoNEO(NEO)$12.04-7.50%
  • conflux-tokenConflux(CFX)$0.395767-12.82%
  • rocket-poolRocket Pool(RPL)$40.16-6.65%
  • optimismOptimism(OP)$2.44-8.78%
  • BitDAOBitDAO(BIT)$0.53-3.13%
  • paxos-standardPax Dollar(USDP)$1.010.09%
  • gatechain-tokenGate(GT)$5.37-1.93%
  • terra-lunaTerra Luna Classic(LUNC)$0.000124-5.78%
  • curve-dao-tokenCurve DAO(CRV)$0.95-5.44%
  • usddUSDD(USDD)$1.000.14%
  • klay-tokenKlaytn(KLAY)$0.225868-3.99%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.80-1.90%
  • bitcoin-cash-svBitcoin SV(BSV)$35.59-4.06%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.76-5.52%
  • mina-protocolMina Protocol(MINA)$0.78-9.73%
  • gmxGMX(GMX)$76.97-6.52%
  • huobi-tokenHuobi(HT)$4.041.43%
  • sapphireSapphire(SAPP)$0.7035.32%
  • chilizChiliz(CHZ)$0.117014-4.07%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • dashDash(DASH)$54.70-4.09%
  • ecasheCash(XEC)$0.000031-5.40%
  • makerMaker(MKR)$660.28-5.38%
  • xdce-crowd-saleXDC Network(XDC)$0.04276020.86%
  • frax-shareFrax Share(FXS)$7.86-6.64%
  • bittorrentBitTorrent(BTT)$0.000001-8.07%
  • iotaIOTA(MIOTA)$0.209509-5.49%
  • singularitynetSingularityNET(AGIX)$0.452785-10.77%
  • Bitget TokenBitget Token(BGB)$0.379699-0.92%
  • EdgecoinEdgecoin(EDGT)$1.010.05%
  • compound-ethercETH(CETH)$35.02-3.13%
  • pax-goldPAX Gold(PAXG)$1,981.16-1.76%
  • Tokenize XchangeTokenize Xchange(TKX)$6.27-1.95%
  • trust-wallet-tokenTrust Wallet(TWT)$1.18-5.72%
  • tether-goldTether Gold(XAUT)$1,976.38-1.82%
  • render-tokenRender(RNDR)$1.29-10.90%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • osmosisOsmosis(OSMO)$0.81-4.92%
  • zilliqaZilliqa(ZIL)$0.027155-7.07%
  • compound-usd-coincUSDC(CUSDC)$0.0228910.18%
  • 1inch1inch(1INCH)$0.51-7.00%
  • radixRadix(XRD)$0.041978-2.24%
  • arweaveArweave(AR)$8.44-6.29%
  • loopringLoopring(LRC)$0.336061-8.89%
  • thorchainTHORChain(RUNE)$1.39-5.26%
  • oec-tokenOKC Token(OKT)$23.19-5.61%
  • mask-networkMask Network(MASK)$5.34-12.44%
  • kavaKava(KAVA)$0.91-6.36%
  • fetch-aiFetch.ai(FET)$0.385856-8.14%
  • convex-financeConvex Finance(CVX)$5.36-6.15%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,864.65-3.03%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.45%
  • enjincoinEnjin Coin(ENJ)$0.387881-9.15%
  • DeFiChainDeFiChain(DFI)$0.58-2.96%
  • casper-networkCasper Network(CSPR)$0.035689-4.44%
  • btse-tokenBTSE Token(BTSE)$2.37-0.81%
  • MagicMagic(MAGIC)$1.79-1.01%
  • FlareFlare(FLR)$0.0316643.08%
  • nexoNEXO(NEXO)$0.684.42%
  • dydxdYdX(DYDX)$2.45-9.64%
  • FLOKIFLOKI(FLOKI)$0.000038-5.22%
  • cdaicDAI(CDAI)$0.0222390.00%
  • zcashZcash(ZEC)$33.62-8.26%
  • WEMIXWEMIX(WEMIX)$1.50-1.60%
  • DogechainDogechain(DC)$0.001787-24.98%
  • EthereumPoWEthereumPoW(ETHW)$3.29-4.61%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-2.61%
  • basic-attention-tokenBasic Attention(BAT)$0.235145-8.01%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.48-6.36%
  • nemNEM(XEM)$0.037786-8.08%
  • Nexus MutualNexus Mutual(NXM)$50.10-3.25%
  • woo-networkWOO Network(WOO)$0.195831-9.71%
  • qtumQtum(QTUM)$3.12-9.24%
  • terra-luna-2Terra(LUNA)$1.38-5.42%
  • theta-fuelTheta Fuel(TFUEL)$0.052347-7.85%
  • holotokenHolo(HOT)$0.001768-6.77%
  • injective-protocolInjective(INJ)$3.93-7.23%
  • Gains FarmGains Farm(GFARM2)$8,732.26-3.71%
  • galaGALA(GALA)$0.041082-12.26%
  • ravencoinRavencoin(RVN)$0.025820-7.21%
  • kusamaKusama(KSM)$33.55-8.14%
  • nucypherNuCypher(NU)$0.23646032.03%
  • Aleph ZeroAleph Zero(AZERO)$1.37-4.35%
  • celoCelo(CELO)$0.61-9.31%
  • compound-governance-tokenCompound(COMP)$43.12-6.66%
  • KaspaKaspa(KAS)$0.016390-1.01%
  • decredDecred(DCR)$19.57-5.43%
  • oasis-networkOasis Network(ROSE)$0.057473-8.67%
  • Access ProtocolAccess Protocol(ACS)$0.009414-7.63%
  • BeldexBeldex(BDX)$0.054618-0.80%
  • olympusOlympus(OHM)$10.21-1.33%
  • gnosisGnosis(GNO)$109.35-2.27%
  • AstarAstar(ASTR)$0.064628-7.82%
  • bitcoin-goldBitcoin Gold(BTG)$16.01-6.87%
  • audiusAudius(AUDIO)$0.280127-7.47%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-2.24%
  • linkLINK(LN)$41.12-0.30%
  • yearn-financeyearn.finance(YFI)$8,411.49-4.71%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.20-1.43%
  • ankrAnkr Network(ANKR)$0.032955-8.44%
  • liquity-usdLiquity USD(LUSD)$1.020.04%
  • omisegoOMG Network(OMG)$1.88-12.38%
  • balancerBalancer(BAL)$6.50-3.84%
  • bloxBlox(CDT)$0.37861839.36%
  • chiaChia(XCH)$37.40-3.45%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • huobi-btcHuobi BTC(HBTC)$27,889.00-1.86%
  • stepnSTEPN(GMT)$0.393912-10.64%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • SSV NetworkSSV Network(SSV)$35.06-7.99%
  • AstraferAstrafer(ASTRAFER)$1.58-4.71%
  • harmonyHarmony(ONE)$0.020050-8.91%
  • convex-crvConvex CRV(CVXCRV)$0.85-4.76%
  • Gains NetworkGains Network(GNS)$7.95-6.97%
  • golemGolem(GLM)$0.240322-6.60%
  • justJUST(JST)$0.026361-5.00%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • DAO MakerDAO Maker(DAO)$1.54-10.62%
  • moonbeamMoonbeam(GLMR)$0.385431-7.08%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • iotexIoTeX(IOTX)$0.024377-7.04%
  • ecomiECOMI(OMI)$0.000849-2.62%
  • BlurBlur(BLUR)$0.55-3.39%
  • escoin-tokenEscoin(ELG)$2.84-0.15%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • kadenaKadena(KDA)$1.00-4.99%
  • tether-eurtEuro Tether(EURT)$1.080.59%
  • jasmycoinJasmyCoin(JASMY)$0.004639-6.76%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • LiquityLiquity(LQTY)$2.412.87%
  • amp-tokenAmp(AMP)$0.003928-4.94%
  • wavesWaves(WAVES)$2.22-4.55%
  • sushiSushi(SUSHI)$1.14-7.21%
  • terrausdTerraClassicUSD(USTC)$0.021936-3.73%
  • Frax EtherFrax Ether(FRXETH)$1,742.89-3.03%
  • band-protocolBand Protocol(BAND)$1.69-7.49%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • perpetual-protocolPerpetual Protocol(PERP)$2.92-2.77%