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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Crypto Market Has All Signs of an Explosive Altcoin Season Brewing

Yashu Gola
Yashu Gola
5 years ago
2 mins read
bitcoin altcoin alt season crypto

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.

Altcoins are not dead.

The alternative crypto market’s explosive $56 billion-rise this year has left skeptics confused. Native tokens of controversial blockchain projects like Bitcoin Cash and Bitcoin SV have swelled by 130 and 280 percent, respectively. An under-developed Ethereum has notched up 95 percent.

Meanwhile, XRP, whose long-term holders accused its issuing company Ripple of crashing the token, is trading 54 percent higher. EOS, facing criticism for having excessive control over its so-called “decentralized blockchain,” is also up by more than 100 percent.

altcoin, crypto, bitcoin, cryptocurrency
Crypto Market Cap (Excluding Bitcoin) | Source: TradingView.com

In total, there are more than 5,000 crypto tokens that have suddenly woken up to deliver twofold – and in some cases, threefold gains.

At the same time, the original cryptocurrency bitcoin appears dwarfed. The Satoshi Nakamoto’s brainchild is up by just 46 percent – despite its growing prominence as a safe-haven asset on Wall Street.

Seeking Risks

So it appears, altcoins are attracting capital from two markets: one denominated in bitcoin, and the other in the US dollar.

All the leading cryptos have logged extensive gains against bitcoin lately thanks to liquidity offered by hundreds of big and small crypto exchanges around the world. Apparently, that has inflated altcoins’ prices in dollar markets, making it even more attractive for institutional investors or venture capitalists that are willing to increase their risk appetite.

The reason is Coronavirus. The epidemic in China has taken more than 1,000 lives and has infected more than 40,000 people across the world. It has also left a dent on global equity markets, leading investors to search for havens elsewhere.

As a result, gold is maintaining gains even against a stronger US dollar, equities helped by easing policies are moving up, and bitcoin – an offbeat asset in the eyes of many Wall Street veterans – is also going up.

Mati Greenspan, the founder of Quantum Economics, said in an interview with BlockTV that investors are seeking to invest in riskier assets – that can yield more returns in a shorter span of time. That is the same reason why Bitcoin, whose volatility lately neared to its historic low, is underperforming against rival cryptos.

“The evidence of that is the altcoin season,” said Mr. Greenspan. “Altcoins are outperforming bitcoin consistently on a day-to-day basis pretty much since the beginning of this year […] It means investors are looking to take risks, which is pretty much different from safe-haven trading.”

Bitcoin Correction is Good for Other Crypto Tokens

Noted analyst GalaxyBTC today said that a bitcoin correction next could cause a hysterical price pump across the altcoin market.

And no i'm not talking in USD value but in BTC.

The one that actually counts.

— Galaxy (@galaxyBTC) February 12, 2020

His comments followed bitcoin’s move towards $10,500 this Wednesday which has made the cryptocurrency most overbought since December 2017. Full-time crypto trader CryptoHamster additionally noted that there is no clean high on short-term bitcoin charts, adding that the cryptocurrency could correct.

“Without a continuation of the growth, some bearish divergencies could have a chance to be formed. If it happens, a new [bitcoin] correction would start very likely,” he tweeted.

That has left altcoins waiting for their next explosive move upward.

Tweet123Share502ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

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

Pi Network Turns Heads With Symbolic Transfers, $20M Volume Spike

The Pi Network coin dipped to $0.46 today, slipping 6% in the past 24 hours. Yet trading volume jumped to...

Christian Encila 9 hours ago

Web2 Habits, Web3 Rewards: How FUNToken Makes Crypto Feel Natural

Millions of users spend hours each day engaged with mobile games, chat communities, and social platforms. They expect seamless interfaces,...

News BTC 9 hours ago
Bitcoin

Bitcoin SOPR Signals More Gains Ahead Despite New ATH – Analyst

In the past week, Bitcoin has grabbed the major headlines as prices surge to a new all-time high of $118,856...

Semilore Faleti 10 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

Cardano price

Cardano Price Explodes 30% In Past Week — Analyst Calls $5 Next Market Top

Opeyemi Sule 39 minutes ago
Bitcoin

Bitcoin Bulls In Cloud 9? Analyst Identifies Where Risk Lies

Opeyemi Sule 4 hours ago
Bitcoin

Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’

Scott Matherson 7 hours ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    8 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    8 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    9 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    9 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    9 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.