Analysis Crypto by Thebittimes.Com

Economist Henrik Zeberg believes that the most explosive phase of the altcoin market is about to kick off. Zeberg tells his 182,800 followers on the social media platform X that the altseason, when altcoins outperform Bitcoin (BTC), is just getting started, and massive alt breakouts are likely to occur in the coming days. He says the Ethereum (ETH/BTC) ratio is flashing bullish for altcoins, after increasing since tapping a local low in late April. Analysts often use the ETH/BTC ratio as an indicator of potential altcoin seasons. “Altseason has already started. First slowly, later in a more explosive manner. I think we are max three to eight days away from the beginning of that explosive phase. ETH/BTC ratio tells us why… It is close to setting off in the explosive phase!” ETH/BTC is trading for 0.02478 BTC ($2,595) at time of writing. Zeberg suggests that certain altcoins will start breaking out at different times. “In the altseason it will ...

Cryptocurrencies are heating up as a bullish momentum grows in the cryptocurrency market, especially around what is known as “altcoins.” The total capitalization of all cryptocurrencies except Bitcoin (BTC) and Ethereum (ETH) broke out of a downtrend, signaling an altseason is starting. Finbold looked at TradingView ‘s TOTAL3 crypto index, summing up the market cap of all cryptocurrencies excluding the two leaders. With a $614.64 billion capitalization, the altcoins are starting a strong momentum, breaking out of a six-month downtrend. Notably, TOTAL3 made three subsequent lower highs since the 2024 highs in late March, creating significant resistance. The index tested this downtrend line from September 21 to 23, breaking out the resistance on September 24. Picks for you Hermetica brings its synthetic dollar USDh to Stacks...

After a tough September, the non-subtle moves of the Tether (USDT) stablecoin may have offered a subtle hint that October will truly live up to its nickname of ‘Uptober’ for the cryptocurrency market. Indeed, the market capitalization of USDT has been steadily rising in recent weeks and months and has rocketed from about $118.8 billion to $119.2 billion – a new all-time high (ATH) –  in the last seven days alone, per the date retrieved from CoinMarketCap in the morning of September 23. USDT 7-day market cap chart. Source: CoinMarketCap The most recent rise follows a market cap increase of $1.5 billion in the last 30 days and of approximately $36 billion in the last 12 months. Picks for you Bitcoin braces for strongest September in history 3 hours ago ...