NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Bitcoin Dominance Hits 2 Year High But Could be Facing Resistance

Martin Young
Martin Young
6 years ago
2 mins read
bitcoin dominance

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

This year has been all about Bitcoin. Even the handful of altcoins that have made good gains are now losing them as BTC crushed them all with its increasing market share.

Bitcoin Dominance at 2 Year High

According to charts on Tradingview.com BTC dominance topped 72.5 percent today. Its recent move back into five figures has kept the digital asset within its range bound channel but the altcoins have not shared in similar momentum.

bitcoin
BTC dominance – Tradingview.com

The last time Bitcoin dominance was this high was back in July 2017 when it was priced at just $2,450 with a market capitalization of $900 million. This was a spike, however, so the previous sustained period of BTC supremacy was further back in May 2017 when it fell from over 80 percent.

According to analysts it could be facing resistance here though as there are a number of bearish signals appearing on the chart according to ‘alan masters’ who posted his TA on Tradingview.

“We have low and decreasing volume.
Bearish divergence showing up on the MACD and RSI.
Strong resistance ahead.
RSI Overbought.
Our main scenario is marked with arrows on the chart. The situation can easily change if the next resistance at 74.84 is broken with good strength and volume.”

Conversely some analysts have plotted the clear uptrend, predicting further gains as the altcoins get wiped out.

BTC DOMINANCE LONGER TIMEFRAME for CRYPTOCAP:BTC.D by ahmedali10 #BTC https://t.co/JChIEo3T25 pic.twitter.com/cFA93i2NGT

— BitcoinAgile (@bitcoinagile) September 3, 2019

Fellow trader Josh Rager shares this bullish opinion claiming that fundamentals such as the Bakkt launch could keep BTC dominance up there for a while yet.

https://twitter.com/Josh_Rager/status/1168733275688513538

Last time BTC moved up into five figures and rallied to a new 2019 high, the altcoins were pulled up with it. This time around however they appear to be breaking down as Bitcoin continues to consolidate.

Altcoin Apocalypse

Total crypto market capitalization is currently at $265 billion which is up $15 billion, or 6 percent on the day. This is virtually all BTC’s work though as the altcoins have not shared in similar gains.

Ethereum has eked out a tiny gain of 3.5 percent in a push towards $180 which, at the time of writing, could not be sustained. XRP has barely moved but Bitcoin Cash has added 5 percent as it closes on $300 once again.

Binance Coin has also grabbed 5 percent to reach $23 but it too is down substantially from recent highs. There has been a couple of percent movement for the rest of the top ten but in general the altcoins remain on the floor.

There are only three double digit gainers in the entire crypto top ten at the moment and they are all low cap altcoins which will likely dump tomorrow.

Image from Shutterstock
Tweet123Share223ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

當狗狗幣成為抵押品 鏈上房貸協議熱爆 Maxi Doge 成新流動性黑洞

狗狗幣(DOGE)以及加密界的新晉猛犬——Maxi Doge (MAXI),可能很快會被視為真正的金融資產。美國聯邦住房金融局(FHFA)近日發佈新指令,要求房貸市場兩大政府支持機構——房利美(Fan...

newsbtc 2 hours ago
Tether

Tether CEO Claims USDT Reached 500 Million Users Worldwide

According to Tether executive Paolo Ardoino, the stablecoin USDT has reached 500 million users worldwide. The figure was posted on...

Christian Encila 3 hours ago
Altcoin

Altcoin Season: Here’s What Happens If The Bitcoin Price Sees A Parabolic Move To $200,000

As the Bitcoin price continues to navigate market headwinds and consolidate above $108,000, analysts forecast that its next explosive move...

Scott Matherson 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

hyperliquid hype hypeusd shib Shiba Inu

Shiba Inu Holds Firm Despite 18% Crash, 1.5M Holders Signal Faith in 2025 Recovery

James Halver 55 minutes ago
claude-ai-3-altcoins-xrp-bnb-ada-maxi-doge-tw

Claude預測年底3大山寨幣走勢:XRP、BNB、ADA與Maxi Doge引領百倍幣投資

Mark Mak 1 hour ago
bitcoin

Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

Ash Tiwari 1 hour ago

Premium Sponsors

Press Releases

  • イーサリアム 今後の価格予測:12月に史上最高値の可能性、新興プレセール銘柄が注目を集める

    イーサリアム...

    13 hours ago
  • ビットコイン 今後:12億ドル規模のETF資金流出で10万7,000ドルのサポートが注目点に

    ビットコイン...

    13 hours ago
  • シバコイン 今後の価格予測:2025年強気相場に向けて再浮上の兆し、トークンバーンは上昇の鍵となるか

    シバコイン...

    13 hours ago
  • パイネットワーク価格予測:メインネットの噂で注目上昇、初期投資家に利益の可能性はあるか?

    ...

    14 hours ago
  • Have Dogecoin - Count It Toward Your Mortgag

    Có Dogecoin? Dùng để trả thế chấp – và lý do...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.