BTC dominance steadily rising since 2023, is altseason now a relic?

Bitcoin (BTC) dominance, a measure of Bitcoin’s overall share of the crypto market, has been steadily rising since 2023 amid a torrent of new cryptocurrency coins and tokens.

The current BTC market dominance is roughly 61.6%, down from the local peak of 64.3% recorded on Feb. 3.

BTC market dominance broke back above 60% on Feb. 2 amid a general market downturn over fears of a prolonged trade war between the United States and its trading partners.

Macroeconomic uncertainty typically takes a toll on risk-on assets, and the recent market downturn hit altcoins harder than BTC due to their lower liquidity and higher-risk profiles.

Bitcoin market dominance has been rising since 2023. Source: TradingView

The current market cycle also features Bitcoin exchange-traded funds (ETFs), which silo liquidity into these financial instruments — <a data-ct-non-breakable="null"

Read More at https://cointelegraph.com/news/btc-dominance-steadily-rising-2023-altseason-relic?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742248965663&utm_campaign=rss_partner_inbound

BTC dominance steadily rising since 2023, is altseason now a relic?

Bitcoin (BTC) dominance, a measure of Bitcoin’s overall share of the crypto market, has been steadily rising since 2023 amid a torrent of new cryptocurrency coins and tokens.

The current BTC market dominance is roughly 61.6%, down from the local peak of 64.3% recorded on Feb. 3.

BTC market dominance broke back above 60% on Feb. 2 amid a general market downturn over fears of a prolonged trade war between the United States and its trading partners.

Macroeconomic uncertainty typically takes a toll on risk-on assets, and the recent market downturn hit altcoins harder than BTC due to their lower liquidity and higher-risk profiles.

Bitcoin market dominance has been rising since 2023. Source: TradingView

The current market cycle also features Bitcoin exchange-traded funds (ETFs), which silo liquidity into these financial instruments — <a data-ct-non-breakable="null"

Read More at https://cointelegraph.com/news/btc-dominance-steadily-rising-2023-altseason-relic?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742245286491&utm_campaign=rss_partner_inbound

BTC dominance steadily rising since 2023, is altseason now a relic?

Bitcoin (BTC) dominance, a measure of Bitcoin’s overall share of the crypto market, has been steadily rising since 2023 amid a torrent of new cryptocurrency coins and tokens.

The current BTC market dominance is roughly 61.6%, down from the local peak of 64.3% recorded on Feb. 3.

BTC market dominance broke back above 60% on Feb. 2 amid a general market downturn over fears of a prolonged trade war between the United States and its trading partners.

Macroeconomic uncertainty typically takes a toll on risk-on assets, and the recent market downturn hit altcoins harder than BTC due to their lower liquidity and higher-risk profiles.

Bitcoin market dominance has been rising since 2023. Source: TradingView

The current market cycle also features Bitcoin exchange-traded funds (ETFs), which silo liquidity into these financial instruments — <a data-ct-non-breakable="null"

Read More at https://cointelegraph.com/news/btc-dominance-steadily-rising-2023-altseason-relic?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Move is now primed to grow DeFi

Opinion by: Alex Nguyen, CEO at VibrantX

The Move programming language’s origin is not super cypherpunk. Facebook (now Meta) created Move after the Libra/Diem team compared major smart contract languages (Bitcoin Script, Ethereum Virtual Machine bytecode languages) and decided their formidable in-house tech talent could make a new language built on years of private and public sector research.

The original team, including founders Mo Shaikh, Avery Ching, and their engineering team, left Facebook to continue as a fully independent, open-source project headed up by Aptos Labs and supported by the Aptos Foundation.

Importantly, Meta’s failed Libra experiment left us with a programming language specifically designed for crypto finance. Move on Aptos is now open-source, and the Aptos Foundation is a commercially driven organization that welcomes builders from all backgrounds.

Move is now the best programming language for verifying the absence of bugs and checking for modifications and leaks, which

Read More at https://cointelegraph.com/news/move-is-now-primed-to-grow-de-fi?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742284683293&utm_campaign=rss_partner_inbound

Move is now primed to grow DeFi

Opinion by: Alex Nguyen, CEO at VibrantX

The Move programming language’s origin is not super cypherpunk. Facebook (now Meta) created Move after the Libra/Diem team compared major smart contract languages (Bitcoin Script, Ethereum Virtual Machine bytecode languages) and decided their formidable in-house tech talent could make a new language built on years of private and public sector research.

The original team, including founders Mo Shaikh, Avery Ching, and their engineering team, left Facebook to continue as a fully independent, open-source project headed up by Aptos Labs and supported by the Aptos Foundation.

Importantly, Meta’s failed Libra experiment left us with a programming language specifically designed for crypto finance. Move on Aptos is now open-source, and the Aptos Foundation is a commercially driven organization that welcomes builders from all backgrounds.

Move is now the best programming language for verifying the absence of bugs and checking for modifications and leaks, which

Read More at https://cointelegraph.com/news/move-is-now-primed-to-grow-de-fi?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742281287778&utm_campaign=rss_partner_inbound

Move is now primed to grow DeFi

Opinion by: Alex Nguyen, CEO at VibrantX

The Move programming language’s origin is not super cypherpunk. Facebook (now Meta) created Move after the Libra/Diem team compared major smart contract languages (Bitcoin Script, Ethereum Virtual Machine bytecode languages) and decided their formidable in-house tech talent could make a new language built on years of private and public sector research.

The original team, including founders Mo Shaikh, Avery Ching, and their engineering team, left Facebook to continue as a fully independent, open-source project headed up by Aptos Labs and supported by the Aptos Foundation.

Importantly, Meta’s failed Libra experiment left us with a programming language specifically designed for crypto finance. Move on Aptos is now open-source, and the Aptos Foundation is a commercially driven organization that welcomes builders from all backgrounds.

Move is now the best programming language for verifying the absence of bugs and checking for modifications and leaks, which

Read More at https://cointelegraph.com/news/move-is-now-primed-to-grow-de-fi?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742277644138&utm_campaign=rss_partner_inbound

Move is now primed to grow DeFi

Opinion by: Alex Nguyen, CEO at VibrantX

The Move programming language’s origin is not super cypherpunk. Facebook (now Meta) created Move after the Libra/Diem team compared major smart contract languages (Bitcoin Script, Ethereum Virtual Machine bytecode languages) and decided their formidable in-house tech talent could make a new language built on years of private and public sector research.

The original team, including founders Mo Shaikh, Avery Ching, and their engineering team, left Facebook to continue as a fully independent, open-source project headed up by Aptos Labs and supported by the Aptos Foundation.

Importantly, Meta’s failed Libra experiment left us with a programming language specifically designed for crypto finance. Move on Aptos is now open-source, and the Aptos Foundation is a commercially driven organization that welcomes builders from all backgrounds.

Move is now the best programming language for verifying the absence of bugs and checking for modifications and leaks, which

Read More at https://cointelegraph.com/news/move-is-now-primed-to-grow-de-fi?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742248965663&utm_campaign=rss_partner_inbound

Move is now primed to grow DeFi

Opinion by: Alex Nguyen, CEO at VibrantX

The Move programming language’s origin is not super cypherpunk. Facebook (now Meta) created Move after the Libra/Diem team compared major smart contract languages (Bitcoin Script, Ethereum Virtual Machine bytecode languages) and decided their formidable in-house tech talent could make a new language built on years of private and public sector research.

The original team, including founders Mo Shaikh, Avery Ching, and their engineering team, left Facebook to continue as a fully independent, open-source project headed up by Aptos Labs and supported by the Aptos Foundation.

Importantly, Meta’s failed Libra experiment left us with a programming language specifically designed for crypto finance. Move on Aptos is now open-source, and the Aptos Foundation is a commercially driven organization that welcomes builders from all backgrounds.

Move is now the best programming language for verifying the absence of bugs and checking for modifications and leaks, which

Read More at https://cointelegraph.com/news/move-is-now-primed-to-grow-de-fi?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742245286491&utm_campaign=rss_partner_inbound

Move is now primed to grow DeFi

Opinion by: Alex Nguyen, CEO at VibrantX

The Move programming language’s origin is not super cypherpunk. Facebook (now Meta) created Move after the Libra/Diem team compared major smart contract languages (Bitcoin Script, Ethereum Virtual Machine bytecode languages) and decided their formidable in-house tech talent could make a new language built on years of private and public sector research.

The original team, including founders Mo Shaikh, Avery Ching, and their engineering team, left Facebook to continue as a fully independent, open-source project headed up by Aptos Labs and supported by the Aptos Foundation.

Importantly, Meta’s failed Libra experiment left us with a programming language specifically designed for crypto finance. Move on Aptos is now open-source, and the Aptos Foundation is a commercially driven organization that welcomes builders from all backgrounds.

Move is now the best programming language for verifying the absence of bugs and checking for modifications and leaks, which

Read More at https://cointelegraph.com/news/move-is-now-primed-to-grow-de-fi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ethereum onchain data suggests $2K ETH price is out of reach for now

Ether’s (ETH) price has been consolidating within a roughly $130 range over the last seven days as $2,000 remains strong overhead resistance.

Data from Cointelegraph Markets Pro and Bitstamp shows that ETH price oscillates within a tight range between $1,810 and $1,960.

ETH/USD daily chart. Source: Cointelegraph/TradingView

Ether price remains pinned below $2,000 for several reasons, including declining Ethereum’s weak network activity and decreasing TVL, negative spot Ethereum ETF flows, and weak technicals.

Negative spot Ethereum ETF outflows

The underperformance in Ether’s price can be attributed to investors’ risk-off behavior, which is visible across the spot Ethereum exchange-traded funds (ETFs). ETH outflows from these investment products have persisted for more than two weeks.

US-based spot Ether ETFs have recorded a streak of outflows for the last seven days, totaling $265.4 million, as per data from SoSoValue.

Ether

Read More at https://cointelegraph.com/news/ethereum-onchain-data-2k-eth-price-out-of-reach?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742284683293&utm_campaign=rss_partner_inbound