Are you feeling the winds of change in the crypto sphere? Lately, the chatter has been all about Bitcoin’s resurgence, leaving many wondering about the fate of altcoins. The Altcoin Season Index is flashing a clear signal, and it’s time to pay attention. According to CoinMarketCap (CMC), this crucial metric currently sits at a low 16, unchanged from yesterday, as of March 4th, 00:35 UTC. But what exactly does this number mean, and how should it influence your crypto strategy? Let’s dive deep into understanding the nuances of the Altcoin Season Index and what it signals for the current crypto market . Understanding the Altcoin Season Index: Your Crypto Weather Vane Think of the Altcoin Season Index as a weather vane for the cryptocurrency market. Instead of predicting rain or sunshine, it forecasts whether altcoins are outperforming Bitcoin, or vice versa. This index, meticulously tracked by CoinMarketCap , offers a data-driven perspective on market sentiment beyond just price fluctuations. It cuts through the noise and provides a clear, quantifiable measure of market trends. Here’s a breakdown of what makes up the Altcoin Season Index: Scope: It analyzes the top 100 cryptocurrencies listed on CoinMarketCap, excluding stablecoins and wrapped tokens to provide a pure representation of market dynamics. Timeframe: The index evaluates the performance of these cryptocurrencies over the past 90 days, offering a medium-term perspective that smooths out short-term volatility. Benchmark: Bitcoin (BTC) is the benchmark. The index compares the 90-day performance of each of the top 100 altcoins against Bitcoin’s performance during the same period. Scoring: The index ranges from 1 to 100. A higher score indicates a stronger ‘Altcoin Season’, while a lower score suggests a ‘Bitcoin Season’. To truly grasp its significance, let’s understand the thresholds that define Altcoin and Bitcoin Seasons. Decoding Bitcoin Season: What Does an Index of 16 Really Mean? With the Altcoin Season Index currently at 16, the message is unambiguous: we are in a Bitcoin Season . But what does this practically entail for investors and the broader crypto market ? The index operates on a simple yet powerful principle: Season Index Score Condition Market Characteristic Altcoin Season 75 or higher At least 75% of the top 100 coins outperformed Bitcoin in the last 90 days. Altcoins are generally experiencing higher gains than Bitcoin. Capital often flows from Bitcoin into altcoins, seeking higher percentage returns. Bitcoin Season 25 or lower 25% or fewer of the top 100 coins outperformed Bitcoin in the last 90 days. Bitcoin is generally outperforming altcoins. Capital tends to flow into Bitcoin, perceived as a safer haven in the crypto space. An index score of 16 firmly places us in Bitcoin Season territory. This means that over the past 90 days, a vast majority (more than 75%) of the top 100 cryptocurrencies have underperformed Bitcoin. Only a small fraction, 25% or less, have managed to outshine the original cryptocurrency. This dominance of Bitcoin has significant implications for the entire crypto market . Navigating the Crypto Market During Bitcoin Season: Strategies and Considerations So, what should you do when the Altcoin Season Index points to a Bitcoin Season ? Understanding the dynamics of this market phase is crucial for making informed decisions. Here are some key considerations: Bitcoin Dominance: Bitcoin Season often coincides with increased Bitcoin dominance. This means Bitcoin’s market capitalization grows at a faster rate than the rest of the market, or it declines less during downturns. Keep an eye on Bitcoin dominance charts to gauge the strength of this trend. Altcoin Performance: While it’s called ‘Bitcoin Season’, it doesn’t mean all altcoins will necessarily decline in price. However, their growth may be slower and potentially more volatile compared to Bitcoin. Selectivity is key. Research and focus on fundamentally strong altcoins that can weather the Bitcoin-centric market. Risk Assessment: Bitcoin is generally perceived as less risky than altcoins . During Bitcoin Season, investors often gravitate towards Bitcoin as a ‘safe haven’ within the volatile crypto space. Consider adjusting your portfolio risk profile based on your risk tolerance and investment goals. Trading Strategies: Traders might consider strategies that capitalize on Bitcoin’s strength, such as longing Bitcoin or Bitcoin-paired trading. For altcoin enthusiasts, identifying oversold altcoins with strong fundamentals could present buying opportunities, but caution and thorough research are paramount. Long-Term Perspective: Market seasons are cyclical. Bitcoin Season might be followed by an Altcoin Season, and vice versa. Avoid making impulsive decisions based solely on short-term market trends. Maintain a long-term perspective and focus on the fundamental value of your crypto investments. CoinMarketCap: Your Reliable Source for Market Intelligence Platforms like CoinMarketCap are indispensable tools for navigating the complexities of the crypto market . The Altcoin Season Index is just one of the many valuable metrics CMC provides to empower investors with data-driven insights. Here’s how CoinMarketCap can enhance your crypto journey: Real-time Data: Access up-to-the-minute price data, market capitalization, trading volume, and other crucial metrics for thousands of cryptocurrencies. Market Analysis Tools: Utilize tools like the Altcoin Season Index, dominance charts, and historical data to analyze market trends and identify potential opportunities and risks. Comprehensive Information: Explore detailed information about each cryptocurrency, including project descriptions, team details, tokenomics, and community links. Portfolio Tracking: Monitor your crypto holdings and track your portfolio performance directly on the platform. Educational Resources: Access a wealth of educational content, including articles, guides, and videos, to enhance your understanding of the crypto space. By leveraging the resources offered by CoinMarketCap and similar platforms, you can stay informed, make smarter investment decisions, and navigate the ever-evolving crypto market with greater confidence. Embrace the Season: Adapting to Market Cycles The Altcoin Season Index at 16 is a clear indicator: Bitcoin is currently leading the charge in the crypto market . While this might mean a period of relatively slower growth for altcoins in general, it’s crucial to remember that market seasons are cyclical. Understanding these cycles, utilizing tools like the Altcoin Season Index from CoinMarketCap , and adapting your strategies accordingly are key to long-term success in the dynamic world of cryptocurrency investing. Don’t fear the Bitcoin Season ; instead, see it as an opportunity to reassess, strategize, and position yourself for the next shift in market winds. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
The post NYSE Arca Files to List Bitwise Dogecoin ETF: A Step Closer to SEC Approval? appeared first on Coinpedia Fintech News NYSE Arca has officially filed to list the Bitwise Dogecoin ETF, marking a significant step toward a regulated investment product for the memecoin. The exchange submitted a 19b-4 filing on March 3, setting the stage for potential SEC approval. If greenlit, this ETF would offer institutional and retail investors direct exposure to Dogecoin without requiring them to hold the asset themselves. Coinbase will serve as the custodian, while the Bank of New York Mellon will manage cash custody and administration. Rising Optimism for SEC Approval Market confidence in a Dogecoin ETF is climbing, with Polymarket showing a 67% chance of approval and Bloomberg analysts placing odds at 75% by 2025. This reflects a growing belief in regulatory acceptance of crypto-based investment vehicles. However, approval remains uncertain, and the SEC’s final decision could still sway either way. Dogecoin Price Drops Despite ETF Hype Despite the growing optimism, DOGE has plunged over 15%, dropping to $0.19 amid broader market volatility. The trading volume has also dropped 16.80%, indicating weaker market activity. This decline came after the excitement surrounding Donald Trump’s crypto reserve announcement, which briefly boosted sentiment. The overall market downturn has erased those gains, showing that ETF speculation alone isn’t enough to sustain Dogecoin’s price rally. More Altcoin ETF Filings on the Horizon The Nasdaq has also filed to list the Grayscale Hedera Trust, which would track HBAR’s price, signaling continued interest in altcoin ETFs. Meanwhile, the SEC is reviewing a range of similar proposals for Cardano (ADA), Solana (SOL), Polkadot (DOT), Litecoin (LTC), and XRP, indicating that memecoins and major altcoins are gaining traction in the regulated investment space. What’s Next? With the SEC now reviewing both Bitwise’s Dogecoin ETF and Grayscale’s Dogecoin Trust, the next few months could be crucial. A final decision on the Grayscale Dogecoin Trust is expected by mid-October, setting the stage for the potential mainstream adoption of Dogecoin as a tradable investment vehicle. However, until approval is confirmed, price volatility is likely to persist.
The post Pi Price Surges Amid Crypto Blood Bath as the Selling Pressure Evaporates—May Trigger a 30% Upswing Soon appeared first on Coinpedia Fintech News The crypto markets underwent a brief upswing followed by an announcement of a crypto strategic reserve involving top tokens like Bitcoin, Ethereum, XRP, Solana, & Cardano. Meanwhile, the markets dropped as President Trump confirmed the start of 25% tariffs on Canada & Mexico. While Bitcoin plunged below $84,000 and is struggling to regain the lost momentum, Pi Network is displaying decent strength. The PI price has been trying very hard to keep up the momentum since the early trading hours. What’s next? Will Pi price reclaim $2 this month? Soon after the launch, the PI price spiked high to mark highs close to $3 but failed to surpass the range. Currently, the token has surpassed Hedera and reached the 11th spot of the crypto rankings, which suggests it could be the next big thing in the markets. The price has sustained a notable bullish trend despite the ongoing market crash. Therefore, the price is now believed to reclaim the lost levels and close the quarterly trade on a bullish note. As seen in the above chart, the PI price broke out from the falling wedge in the short term but has yet to validate the upswing. After experiencing massive volatility, the volatility has squeezed as the Bollinger Bands have contracted well. Besides, the stochastic RSI has reached the overbought zone, which suggests that a temporary pullback could be on the horizon. Meanwhile, the local support zone, between $1.6 and $1.62, could offer a strong base, which may trigger a strong rebound to the upper resistance around $1.92. Regardless of the growing strength and potential to surpass the giants, the Pi Network is yet to get listed on Binance. In the times when the newly launched memecoins get listed within minutes, this delay could have a negative impact on the token, instigating a huge whale sell-off. Meanwhile, the PI price is believed to maintain a healthy ascending trend even if it fails to get a bigger platform like Binance.
The SEC’s newly formed Crypto Task Force, spearheaded by Commissioner Hester Peirce, aims to clarify regulations in the rapidly evolving digital asset landscape. This initiative comes amidst growing calls for
Asia-Pacific markets mostly in red tracking a sharp decline in US stocks overnight as caution lingered amid worries of a global trade war, following China and Canada's plans for retaliatory tariffs on U.S. products, further escalating global trade tensions. China introduced tariffs on US goods and other trade measures on Tuesday in response to US President Donald Trump’s move to raise tariffs on all Chinese imports to 20% from 10%. Japan ( NKY:IND ) fell 1.34% to close at 37,331, while the broader Topix Index dropped 0.71% to 2,710 on Tuesday, erasing gains from the previous session. The Japanese yen strengthened toward 149 per dollar on Tuesday, approaching a five-month-high. Japan’s unemployment rate was at 2.5% in January 2025, slightly above market estimates and December's readings of 2.4%. Japanese companies reduced capital spending on plant and equipment by 0.2% year-on-year in Q4 of 2024, missing market expectations of a 4.9% increase and swinging from the strongest growth in three quarters of 8.1% in Q3. The consumer confidence index in Japan unexpectedly declined to 35.0 in February 2025, down from 35.2 in the previous month, below market expectations of 35.7. China ( SHCOMP ) rose 0.25% closing at 3,324, while the Shenzhen Component rose 0.28% to 10,679 on Tuesday, recovering earlier losses as investors assessed the impact of new tariffs , and the offshore yuan strengthened around 7.28 per dollar. The Trump administration's additional 10% tariff on Chinese goods took effect today, raising total US tariffs on China to 20%. In response, Beijing immediately announced new tariffs of 10%-15% on certain US imports, set to take effect on March 10, and imposed export restrictions on US firms. This new tariffs coincide with the start of a key annual political meeting in China this week. The country is anticipated to roll out fresh stimulus measures to help its economy withstand the impact of the increased tariffs. Hong Kong ( HSI ) fell 0.44% to 22,631 in the Tuesday morning session, following modest gains in the prior day. India ( SENSEX ) fell 0.19% to 72,846 in morning trade on Tuesday, retreating for the third straight session and staying at their lowest level since early June 2024 amid losses in the tech sector, consumer goods, auto, and pharmaceuticals. Australia ( AS51 ) fell 0.58% to close at 8,189 on Tuesday, nearing its lowest level in two months. The Australian dollar slipped to around $0.62 on Tuesday, nearing a one-month low, after minutes from the Reserve Bank of Australia’s February meeting revealed that policymakers were focused on downside risks to the economy, signaling a more dovish stance. Retail sales in Australia increased by 0.3% month-on-month in January 2025, shifting from a 0.1% decline in the previous month and matching market expectations. Australia's current account deficit declined to AUD 12.5 billion in Q4 2024 from a downwardly revised AUD 13.9 billion shortfall in Q3. In the U.S., on Monday, all three major indexes ended in red prompted by US President Trump’s confirmation that tariffs on key trading partners would take effect today. U.S. stock futures : Dow -0.01% ; S&P 500 +0.07% ; Nasdaq +0.16% . Investors are now focused on Friday’s monthly jobs report for fresh insights into the labor market. Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ). More on Asia: Tariffs Exchanged: China levies tariffs in response to U.S. trade move Japan’s Feb manufacturing PMI revised higher, remains in contraction for sixth consecutive month China’s manufacturing PMI rise to 50.8 in Feb, surpassing expectations Trump floats 25% duty on EU—says it was formed to screw U.S., brews uncertainty over Canada, Mexico trade Australia’s monthly CPI Indicator held steady at 2.5% in January
As of March 4th, recent data from Coinglass reveals that the overall open interest in Bitcoin futures contracts has reached 559,410 BTC, valued at approximately $46.81 billion, reflecting a notable
Pi Coin has experienced significant price fluctuations recently, raising investor concerns. Real-world adoption of Pi Coin is increasing despite uncertainty surrounding exchange listings. Continue Reading: Market Buzz: Pi Coin Faces Volatile Movements and Rising Concerns The post Market Buzz: Pi Coin Faces Volatile Movements and Rising Concerns appeared first on COINTURK NEWS .
After failing to reclaim the important $3k level in February, Ethereum released pressure again and plunged to a key support level. It has seen a major recovery following a bounce back but is now losing steam. Ethereum has continued to mirror Bitcoin’s weekly movement but has failed to break below its critical $2,100 level, which has been providing support for the past four months. Respecting this critical level again, it bounced and recovered nicely to where it’s changing hands at around $2,378. The $2,550 level has posted a threat to the buyers in the past hours and is now holding it as resistance. A surge above it could trigger more increases in the coming days. Although it has formed a double-top pattern on the weekly chart, the price may crash soon. The potential target level for such a crash is $1,650. As soon as the price touches this level, a major bounceback is expected. The only condition for a bullish move right now is holding the critical support level. If it continues to strengthen, we may see a strong rally above the important $3k level before considering a reversal. While the trend is still in favour of the bears, they appear set for another rally. ETH’s Key Level To Watch Source: Tradingview The potential support levels for selling right now are $2,310 and $2,076. If the price breaks lower, $1,900 and $1,700 are the next support levels to consider for a test. In case of a reversal, ETH must retake a lot of resistance on the way up. For now, the close resistance level to watch for a test is $2,550 and $2,700. Higher resistance levels to keep in mind are $2,920 and $3,213. Key Resistance Levels: $2,550, $2,920, $3,213 Key Support Levels: $2,310, $2,076, $1,900 Spot Price: $2,378 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: zephyr18/ 123RF
After forming a double-top pattern, Bitcoin broke down to a four-month low but has recovered significantly from the dip. It currently appears strong, but the next direction remains unknown while bearish. As expected, Bitcoin’s price collapsed last week following a strong breakthrough at the crucial $90k level, which has been standing as support for more than three months. It tested $78.2k with a long wick and closed that week’s price well above the lost crucial support. The collapse started after losing grip above the $95k level, but the price interestingly retested that level during yesterday’s surge – completing a break and retest pattern. The level was rejected, and the price dropped to around $93.6k at the time of writing. Retaking the rejected high with a surge could fuel more buying towards the $100k mark. This could signal a trend shift on the daily chart. But looking at the market, there’s no conviction for a shift yet following the latest price rejection. Of course, Bitcoin’s downtrend is still in play on the daily chart, but things are likely to change if the price stays well above the recent low. Otherwise, it may experience more dips in the coming days. Currently, it is gaining traction on the day. BTC’s Key Levels To Watch Source: Tradingview Marking the $95k level as resistance since last weekend, a push above it should advance recovery to $99,550. The $103,278 level is the next resistance to watch, followed by the $109,588 resistance. Towards the downside, the $91k level is providing support along with $85k and $80k. If the price collapses through these levels to reclaim last week’s $78,258 low, the next drop may surface at $71k. Key Resistance Levels: $99,550, $103,278, $109,588 Key Support Levels: $91,000, $85,000, $80,000 Spot Price: $93,615 Trend: Bearish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: alekskhmelev/ 123RF // Image Effects by Colorcinch
Crypto markets have lost more than 12% or almost $400 billion since the Sunday peak, and one of the largest losers has been Ethereum. ETH prices crashed to their lowest levels in 16 months, plunging 15% to $2,035 during early trading in Asia on Tuesday morning. The last time ETH traded below $2,000 was in November 2023, as the asset was slowly thawing from crypto winter. Ethereum has now returned to bear market levels and has dumped 50% since it tapped $4,000 in early December 2024. ETH Death Predicted Analyst ‘Nebraskangooner’ looked at the monthly timeframe chart and identified a double-top formation before predicting that prices would break down to the $1,200 level. This would send ETH back to bear market lows from late 2022 when it bottomed out at around $1,100. $ETH Monthly double top confirmed. Measured pattern breakdown target is somewhere close to $1200 https://t.co/2T4JCzBloh pic.twitter.com/mM29h3LOtI — Nebraskangooner (@Nebraskangooner) March 4, 2025 Analyst Dana Marlane commented that Ethereum has broken its uptrend and “appears to have confirmed a double top that could take price back to $1,000.” The ETH angst was shared among other analysts. “Ethereum may genuinely be one of the worst charts I have ever seen,” said Arete Capital managing partner McKenna. Ethereum may genuinely be one of the worst charts I have ever seen. pic.twitter.com/4nOWi0ZuyH — McKenna (@Crypto_McKenna) March 3, 2025 The ‘Anonymous Crypto Predictions’ feed said that ETH needed to close above the 200-week moving average as it did last week. This long-term trend indicator is currently around the $2,500 level, and ETH is well below that. Additionally, the ETH/BTC ratio, or price of ether in terms of bitcoin, fell to a five-year low of 0.024 this week as the asset tanked. #Ethereum – The key level to watch is the 200 weekly (black line). We need to close back above that like we did last week. Expect lots of manipulation and volatility. pic.twitter.com/aIskRebYqV — Anonymous | Crypto Predictions (@Crypto_Twittier) March 4, 2025 Flight to Risk-Off Many were questioning why crypto was crashing in such a bullish environment in the United States following years of being persecuted under the Biden administration. The Kobeissi Letter explained that the real driver here is the global move towards the risk-off trade and assets. “As trade war tensions rise and economic policy uncertainty broadens, ALL risky assets are falling. This was seen in stocks, crypto and oil prices, which all fell sharply today.” Moreover, Bitcoin is no longer seen as a store of value, having decoupled from gold, which hit an all-time high in late February. When Bitcoin falls, the digital lemmings follow, and Ethereum has been the first off the cliff. What is happening with crypto? Crypto markets are now worth -$100 billion LESS than they were prior to the US Crypto Reserve announcement. Over the last 24 hours, crypto has erased -$500 BILLION of market cap in a massive reversal. Here’s what you need to know. (a thread) pic.twitter.com/xlsqsnQKKd — The Kobeissi Letter (@KobeissiLetter) March 4, 2025 The post Ethereum Tanks to 16-Month Low as Analysts Predict Plunge to $1,200 appeared first on CryptoPotato .