Track market-moving stories before they get noisy

After last week’s plunge of over $1,500, Bitcoin rattled its 2020 positive run. The question remained if the $8,500 critical support level could hold the downfall, and, so far, it has.

The largest cryptocurrency dipped below it to $8,440, but it managed to recover quickly. At the time of this writing, Bitcoin is trading at approximately $8,700.

If BTC continues to increase, the first significant resistance level lies at $8,800, followed by $9,000. The latter also serves as a major psychological line.

BTC/USD. Source: TradingView Most of the cryptocurrency market notes small upwards movements today. Ethereum, Litecoin, Tezos, and EOS are all up with around 1%.

Bitcoin Cash and Bitcoin SV are the most significant gainers among the top 10 coins by market cap. The former is up with 2.66% to $322 and the latter with 4.6% $234.

Contrary, Huobi Token records the largest decline in the top 20. HT is down with over 4% and is currently trading at $4.66.

Cryptocurrency Market Overview. Source: coin360.com Total Market Capitalization: $248B | Bitcoin Market Capitalization: $159B | Bitcoin Dominance: 64%

You may also like: Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst Bitcoin Price Crashes Below $60K as Strategy’s MSTR Plunges 10% Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highs Major Crypto Headlines Breaking: Bitfinex Exchange Goes Under Unscheduled Maintenance, Suspects DDoS Attack. The popular cryptocurrency exchange, Bitfinex, went through unscheduled maintenance on Friday. Even though the company suspected a DDoS attack on its network, later, Bitfinex said that all issues had been resolved.

Interestingly, OKEx went through an unscheduled system update on the same day, as well.

Beating the Odds? Insolvent FCoin To Resume Operations And Attempt To Refund Users. FCoin exchange became insolvent in February and was unable to pay its customers an estimated amount of $115m worth of Bitcoin. A few weeks later, however, the firm promised to refund the affected users and to start operating again.

Ripple Partners With European Remittance Company Azimo But Legal Troubles Continue. Ripple partnered up with a European online remittance service company Azimo to serve customers in the Philippines. At the same time, though, the company’s legal issues with Bradley Sostack continue.

Significant Daily Gainers and Losers Bytecoin (23%) BCN skyrockets today with 23% gains against the U.S. dollar to $0.0005. It rises with 21.6% against the largest cryptocurrency, and BCN/BTC currently trades at 6 SAT.

With the most recent price increase, the total market capitalization of Bytecoin is well above $92 million.

AELF (12.32%) Elf is in the green today, as well. It rises to $0.1, after a 12% price jump. Elf trades at 1163 SAT after an 11% increase against Bitcoin.

The company recently published a comprehensive guide on how to utilize its network mechanism securely.

Kyber Network (-12.45%) On the other side of the scale sits KNC’s price. After yesterday’s surge to $0.85, KNC drops to $0.7. It also goes down to 8074 SAT, following a 13.5% drop.

Despite the most recent decrease, Kyber Network still has a total market cap of above $125 million.

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Binance CEO Changpeng Zhao says he disagrees with Ethereum creator Vitalik Buterin’s recent comments on blockchain scalability.

In an interview with The Star, Buterin said the speed and cost of blockchain transactions remain the biggest challenge facing blockchain technology.

“The main problem with the current blockchain is this idea that every computer has to verify every transaction. If we can move to networks where every computer on average verifies only a small portion of transactions then it can be done better.”

In response, Binance CEO Changpeng Zhao issued a tweet saying newer blockchains have already successfully pushed blockchain transaction volume and speed to acceptable levels.

“I like Vitalik and ETH, but speed and capacity was a problem a year ago, but now a largely solved problem for newer blockchains (for now). We need to increase real applications that people actually use, so that we hit the new capacity issues/limits again. Focus on applications.”

Buterin quickly countered, saying recent attempts to beef up blockchain speed are too centralized, citing EOS as an example.

“It’s not solved at all. Even the newer semi-centralized blockchains have TPS in the hundreds; AFAIK EOS has already had scalability bottleneck issues.”

Hundreds of comments poured in, sparking a rigorous technical discussion about orphan blocks, nodes, Raspberry Pi, reorgs and how to solve the holy grail of scalability without sacrificing security and decentralization.

The team at MetaHash countered that their next-generation blockchain outperforms Buterin’s assumptions.

[tweet 1164141046130978817 hide_thread=’true’]

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Supporters of GoChain, Skycoin, Elrond, EOS and HPB (High Performance Blockchain) all affirmed that solutions are available.

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Buterin also says he’s becoming increasingly doubtful that second-layer solutions like the Lightning Network are the best solution to boost the speed and lower the cost of transactions.

https://twitter.com/VitalikButerin/status/1164086901265129478

He highlighted Bitcoin SV as a more scalable solution.

https://twitter.com/VitalikButerin/status/1164087067363762176

Binance launched its own blockchain, called Binance Chain, in April of this year. Zhao says it can handle about 2,000 transactions per second. In contrast, the Ethereum blockchain currently supports roughly 15 transactions per second. However, Binance Chain is not designed to support smart contracts, a key factor in its ability to support higher transaction volume.

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Posted: January 12, 2020

With all eyes fixed on Bitcoin’s valuation at the moment, the lesser-known assets with medium-range market caps were seen performing better than the large market cap assets.

According to Arcane Research, the best performing tokens over the past week has been outside the major altcoins with only Monero and Bitcoin SV making the cut from the major assets. Privacy coin Dash and Chainlink also registered impressive recoveries over the last few days, with Dash witnessing over 14.45 percent in the last 24 hours.

The Weiss Crypto’s Mid-Cap Crypto Index (WMC) (a measurement index covering the mid-range market cap on the basis of market performance) registered a sharp rise since the start of January. The index exhibited a growth of 1.05 percent for the collective market movement from the likes of Cardano, Monero, Dash, IOTA, and Ethereum Classic.

In comparison, Weiss Large-Cap Crypto (WLC) Index only pictured a 0.14 percent growth collectively as Bitcoin and Bitcoin Cash were responsible for the majority of the positive growth. Ethereum and Litecoin managed to exhibit positive returns as well.

However, the bearish side was rather dominant with other digital assets. According to the chart above, the Weiss Small Cap Crypto Index (WSC) recorded a drop of 0.44 percent over the same period. The likes of Verge, Ziliqa, and BitShares failed to take advantage of the surging market.

As a whole, the above data indicated that mid-level crypto assets were collectively outperforming in the market over the past week, whereas the likes of major assets such as Bitcoin, Ethereum and Litecoin were playing the game cautiously.

Market gains $13 billion, Bitcoin still struggling to hold above $8,000.

In brief Bitcoin SV investors are appealing to have their "forgone growth effect" claim reinstated against Binance, arguing they lost over $13 billion when BSV was delisted in 2019. The Competition Appeal Tribunal previously rejected this specific claim, ruling that most investors could have mitigated losses by trading BSV for other cryptocurrencies. The case is part of a larger class action against multiple exchanges that delisted BSV, complicated by allegations that BSV creator Craig Wright falsely claimed to be Bitcoin's inventor. Bitcoin SV (BSV) investors have asked the UK Court of Appeal to readmit their claim that Binance’s delisting of BSV in April 2019 caused them to lose out on significant growth in the value of their holdings.

In July 2024, the Competition Appeal Tribunal struck out a particular element of the group’s complaint, which argued that the Binance delisting resulted in a “forgone growth effect,” preventing BSV from developing into a “top tier” cryptocurrency.

It’s this particular claim that would allow for the highest possible financial penalty against Binance (above $13 billion), based on the assumption that BSV would have grown to what Bitcoin’s value was in July 2022, when the group originally filed their complaint.

And at the Court of Appeal on Thursday, the group’s legal representatives argued that the “loss of chance” claim should be heard when the case goes to trial, because the delisting has caused a “permanent ongoing loss of value.”

"Because of the delisting, there has been damage which continues to this day," said John Wardell KC. "If it hadn't been for the delisting, BSV would be a first-tier currency like Bitcoin."

In arriving at a pre-trial judgment in July 2024, the Competition Appeal Tribunal refused Binance’s request to throw out the case completely.

However, it sided with the exchange in agreeing that the “market mitigation rule” applied to the delisting, meaning that the vast majority of Bitcoin SV holders would have been aware of BSV’s removal and would have had the opportunity to trade into alternatives.

The tribunal’s judges concluded at the time, “The evidence currently before us as to the extent to which any BSV holders could reasonably have remained sufficiently unaware so as to exclude the market mitigation rule is [...] scant and high-level.”

Yet lawyers for the BSV investors argued this week the market mitigation rule does not apply in this case, allegedly because the investors weren’t able to avoid loss by trading into alternative cryptocurrencies.

“There is no duty to mitigate if your damaged asset cannot generate sufficient funds," said Wardell. "It is well established that defendants will not be prejudiced by financial inability to mitigate."

Lawyers representing Binance argued against this line of reasoning, with Brian Kennelly KC of Blackstone Chambers urging the Court of Appeal not to reverse the 2024 decision on the so-called foregone growth effect.

“BSV could have been exchanged for Bitcoin or other cryptocurrencies," he said. "BSV is and was, at all relevant times, a readily marketable asset.”

The case against Binance is part of a class action also involving Kraken, ShapeShift and Bittylicious, which all delisted BSV between April and June 2019.

The claims were submitted by BSV Claims Limited, a special purpose vehicle for which Lord Currie of Marylebone—who was the chair of UK telecoms regulator Ofcom and the Competition and Markets Authority—sits as the sole director.

The case was brought on behalf of all UK-based Bitcoin SV holders between April 2019 and July 2022, estimated to be in the region of 243,000 investors.

It represents the UK’s first collective case related to cryptocurrencies and competition, with the complainant alleging that the four exchanges conspired to delist BSV.

Speaking to Decrypt, Ashley Fairbrother—a partner at legal firm Edmonds Marshall McMahon—acknowledges that the case is “very novel” and has “an equally extraordinary” backstory.

“Last year, in an unprecedented case, the English High Court found that Dr Craig Wright was not Satoshi and that he had orchestrated a fraud not only on many people and companies, but also on the Courts of England and Wales, Norway, and the USA,” he said.

According to Fairbrother, Wright used his false claims to influence investment in BSV, which enabled him to profit from his lies.

“If the BSV coin was created by a fraudster with a view to realizing the fruits of a fraud, it is easy to understand why the community took the steps that it did to delist BSV, to deter the damaging impact on the continued development of Bitcoin,” Fairbrother adds.

Fairbrother also noted that recent years have brought a few examples of investors attempting to bring claims against exchanges, although these claims have usually been “fundamentally flawed,” as witnessed in Piroozzadeh v Persons Unknown (2023).

“While legal action against exchanges is theoretically possible, much like claims against traditional banks, significant legal and practical hurdles would need to be overcome,” Fairbrother explained. “Many leading exchanges are increasingly adopting more robust compliance and regulatory frameworks, which are likely to make successful claims even more difficult in the future than they already are.”

Such factors lead Fairbrother to be uncertain as to whether BSV Claims Limited will be successful against Binance and the other exchanges, admitting that the question is a “very difficult” one to answer.

“The BSV investors are well-resourced and well-funded,” he added, “however the natural consequence of them winning will be that the court has aided Craig Wright to some extent to realize some value from his fraudulent claims.”

Edited by Andrew Hayward

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Bitcoin SV Investors Push Legal Comeback Against Binance

Bitcoin SV News: Investors Push to Reinstate ‘Loss of Chance’ Lawsuit Targeting Binance

UK court partially dismisses Bitcoin SV investor’s lawsuit against Binance

‘No Right to Crypto Profits for Investors’: Binance Beats $11.9B BSV Lawsuit in UK

Even though Bitcoin remained constrained due to geopolitical concerns, cheaper alternatives to the apex cryptocurrency enticed investors Sunday night.

What happened: Bitcoin Cash rallied over 5% to become the market’s third-biggest gainer over the last 24 hours. Trading volume for the cryptocurrency surged 71% to $510 million, indicating substantial interest from traders and increased liquidity.

Similarly, Bitcoin SV rose 1.39%, with volume increasing 5.34% to $47 million in the last 24 hours.

These gains contrasted with Bitcoin's stagnation. The world's leading cryptocurrency was little changed in the last 24 hours as investors reined in their risk appetite owing to the Iran-Israel conflict.

Why It Matters: It’s worth mentioning that BSV arose from a hard fork of the Bitcoin Cash blockchain in 2018, which had split from the original Bitcoin network a year ago due to community disagreements over Bitcoin scaling.

Bitcoin traded at nearly $106,000 as of this writing. The high price could make holding one full Bitcoin a little challenging, especially for retail investors, although they can always obtain exposure by making fractional purchases.

In comparison, BCH and BSV have much smaller market capitalizations—$9.1 billion and $623 million, respectively—and lower per-unit prices, positioning them as potentially cheaper alternatives to the $2 trillion asset.

Read Next: 

Trump Family-Backed Bitcoin Mining Firm Mines $23 Million Worth Of BTC, Signals More Accumulation In The Future Image Via Shutterstock

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In brief Bitcoin Cash surged 15% this week to breach $500, marking its strongest performance of 2025 as social sentiment reaches yearly highs. Bitcoin SV also rose this week, suggesting that prominent BTC forks are gaining steam as Bitcoin remains flat or slightly down. Bitcoin is down slightly around $103,000 as the Fed maintains rates at 4.25-4.5%, while escalating Middle East tensions push oil towards $80. Here's something you don't see every day: Bitcoin's lesser-known cousins are stealing the show while the king of crypto takes a nap.

Bitcoin Cash has gone absolutely ballistic, rocketing 98% since its low point in April and trying to break the $500 resistance mark for good. Meanwhile, Bitcoin SV—yes, that controversial fork led by Satoshi pretender Craig Wright—is quietly climbing.

This rotation reflects broader market dynamics, with the S&P 500 on Friday hitting 6,000 points for the first time since February, while the tech-heavy Nasdaq approaches its own record near 20,000 as short-term traders appear to have priced in the panic over the current geopolitical events.

The Federal Reserve's decision to keep interest rates steady at 4.25%-4.5% on Wednesday has created a wait-and-see environment, with policymakers noting that "uncertainty about the economic outlook has diminished, but remains elevated."

Meanwhile, oil prices climbed over 4% on Tuesday as the Iran-Israel conflict raged, with Brent crude settling at $76.45—a development that traditionally correlates with crypto volatility, but has yet to significantly impact digital asset prices in the days since.

Bitcoin (BTC) in consolidation zoneBitcoin is putting investors to sleep with a 2% to $103,154 over the last week. The flagship cryptocurrency has entered a critical consolidation phase after failing to reclaim the $108,000-$109,000 resistance zone.

For traders watching the tape, this sideways grind often comes before the fireworks—for good or bad.

The weekly chart reveals a market in equilibrium, with several key indicators painting a nuanced picture:

RSI (Relative Strength Index): At 62 on the weekly time frame, Bitcoin shows mild bullish momentum without approaching overbought territory. The RSI measures the speed and magnitude of price changes: readings above 70 typically indicate overbought conditions where traders might expect a pullback, while below 30 suggests oversold levels that could precede a bounce. Bitcoin's current reading indicates healthy bullish momentum that could support further upside.

ADX (Average Directional Index): Reading 26, the ADX has just crossed the crucial 25 threshold, suggesting a trend is beginning to form in longer time frames. This indicator measures trend strength regardless of direction: below 20 indicates no trend, 20-25 shows a developing trend, and above 25 confirms trend establishment. For momentum traders, this crossing above 25 could signal the start of a more decisive move.

Exponential Moving Averages (EMAs): Bitcoin currently trades above its 50-week EMA (the average price of the last 50 weeks—basically one year), but faces resistance from the convergence of multiple time frames. The 50-200 EMA spread remains positive, which technical analysts often interpret as a bullish market structure. When shorter-term averages stay above longer-term ones, it typically indicates sustained buying pressure.

Squeeze Momentum Indicator: The "off" status on the weekly chart suggests volatility has already been released, contradicting the daily chart's compression. This divergence between time frames often precedes significant moves as different trader cohorts position themselves.

Key Levels:

Immediate support: $102,000 (recent institutional accumulation zone) Strong support: $100,000 (psychological level and options strike concentration) Immediate resistance: $107,000 (recent rejection point and sell wall) Strong resistance: $110,000 (approach to all-time high territory) Bitcoin Cash (BCH) gains momentumBitcoin Cash is the week's star performer with a commanding 14.57% surge to $483, briefly breaking past the psychologically significant $500 level—but it’s been unable to maintain momentum. BCH social media mentions surged as the price began to recover, pushing it to a new peak for 2025.

The weekly chart presents a compelling bullish case with room for continuation, with some cautions needed, of course:

RSI at 63: This reading places BCH in what traders often call the "power zone" —strong enough to indicate genuine momentum, but not yet extended enough to trigger profit-taking. Historical analysis shows BCH tends to run until RSI reaches 75-80, suggesting approximately 20% additional upside potential before overbought conditions emerge. That would match the resistance of the current triangle that has been in place since April.

ADX at 18: While below the 25 trend confirmation level, this reading shows that markets are fighting to push prices forward. However, this might not be a bad signal, and interpretation will vary as the indicator is analyzed alongside other readings. Low ADX readings after a strong move often indicate consolidation before the next leg higher. Traders might interpret this as the market digesting gains before attempting the next resistance level.

Moving Average Configuration: BCH trades decisively above both its 50-week and 200-week EMAs, with increasing separation between them. This expanding gap, known as moving average divergence, typically indicates strong trending conditions. The 50-week EMA near $385 now serves as dynamic support, while the 200-week mark at $352 provides a floor for any deeper corrections.

Key Levels:

Immediate support: $460 (old resistance often becomes support) Strong support: $388 (50-week EMA zone) Immediate resistance: $500 (psychological barrier tested this week) Strong resistance: $540 (technical target from measured move) Bitcoin SV (BSV) bounces, but bears show strengthBSV's 6% weekly gain to $31.47 since last Friday's low might look like small potatoes next to BCH's moonshot, but context is everything. The controversial fork is now trading 30% above its June lows despite persistent skepticism, finishing the week as the seventh-best performing cryptocurrency among the top 100. However, today's correction is giving signs of a flat performance if the week's shadows are not considered.

BSV's chart is like reading tea leaves, but here's what technical traders are seeing.

The RSI at 43 is slightly bearish but not terrible. Think of it as a car running on fumes, but not quite empty. Some contrarian traders love buying when RSI is this low, as they're betting on a bounce. History shows BSV often bottoms between 35-40, so we're in the danger zone where brave souls start nibbling.

Also, the ADX at 19 is yet another weak trend reading that creates a coiled spring scenario. When ADX readings remain below 20 for extended periods, the eventual breakout (in either direction) tends to be violent. Range traders might play the boundaries, while trend followers await confirmation above 25.

As for the price averages, BSV keeps failing to break past the 50-day average around $34.87, showing that bears are still pretty much in control of prices in longer time trends.

Key Levels:

Immediate support: $30 (psychological level and recent consolidation low) Strong support: $24-$27 (resistances tested during April) Immediate resistance: $34.87 (technical confluence and trend decider) Strong resistance: $40.00 (major psychological level and 2025 high) Edited by Andrew Hayward

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BSV Financier Behind Wirecard? New Probe Revives $2.2 Billion Mystery Around Calvin Ayre

In brief The UK Supreme Court refused a $13 billion appeal on behalf of Bitcoin Satoshi Vision (BSV) investors. The appeal alleged that BSV holders were harmed by exchanges delisting the token, impacting its price immediately and its potential growth. BSV has fallen more than 96% from its all-time high in 2021. An appeal from Bitcoin ​​Satoshi Vision (BSV) investors in a case seeking more than $13 billion in damages from prominent crypto exchanges was rejected by the UK Supreme Court last week. 

The appeal stems from losses that mounted in the BSV token following its delisting by major crypto exchanges like Binance and Kraken in 2019. The latest proceedings and permission to appeal fell to three court justices who ultimately refused the appeal, as spotted by Protos.

“The application does not raise an arguable point of law or a point of law of general public importance,” justices Lord Hodge, Lord Sales, and Lady Rose concluded. 

The appellants—BSV Claims Limited—alleged that token holders suffered from “immediate and persistent effect” and “the forgone growth effect,” which pertain to the coin’s immediate fall in value following the delisting and the stunted potential growth as a result of the delisting.

BSV was launched in 2018 in an attempt to “restore” the original vision of pseudonymous Bitcoin creator Satoshi Nakamoto. It was created as a hard fork of Bitcoin Cash—which is also a fork of Bitcoin. Neither coin is worth anywhere near as much as Bitcoin (BTC).

In July 2024, the UK’s Competition Appeal Tribunal struck out the appellants’ claim on the “forgone growth effect,” dismissing an assumption that BSV would have ultimately grown to match the same value as Bitcoin itself.

In May, the appellants attempted to revive the claim, but it was dismissed once more, affirming the 2024 ruling under the “market mitigation rule,” which requires claimants to take reasonable steps to reduce their losses when functioning markets are available. 

In other words, BSV investors should have attempted to mitigate their losses when it became apparent the token was being delisted by exchanges. 

BSV has plummeted more than 96% from its 2021 all-time high of $489.75, recently changing hands at $18.37. Last year, it fell sharply amid news that a UK court ruled that Craig Wright, the creator of BSV, was not in fact the pseudonymous Bitcoin creator Satoshi Nakamoto, as he had claimed. 

Coinbase fully disabled support for BSV in 2021 after the network suffered a “51% attack” and became unstable.

While BSV has seen a downward price trajectory over the last few years, Bitcoin has continued to rise and set new peak prices in the time since, most recently setting a new high above $126,000 in October. Bitcoin was recently trading for $85,873, down 32% from that peak.

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Bitcoin SV [BSV] has surged more than 20% in the past 24 hours, at press time, as trading volume exploded by over 300%, pushing daily turnover above $57.5 million. The sharp increase in activity shows a sudden wave of liquidity entering Bitcoin SV markets.

BSV’s price traded near $16.17 after rebounding strongly from the $13 region earlier in the week. Market capitalization has also expanded toward $322 million as traders react to the rapid shift in price structure. 

However, the speed of the rally now raises an important question. Can Bitcoin SV sustain this surge and extend the recovery phase? Or will the sudden spike reflect a short-term reaction to rising trading activity across the BSV market?

Double-bottom rebound challenges major resistance After forming a distinct double-bottom close to the $13 demand zone, the daily chart now displays Bitcoin SV constructing a recovery structure. This level was defended twice by buyers, providing a solid foundation for the current recovery.

Price has since climbed toward the $17.53 resistance level. This area previously acted as structural support before the earlier breakdown. As a result, the level now stands as the first major barrier for the recovery attempt. 

If Bitcoin SV clears this resistance, the next supply region appears near $20.34. That level marked a previous rejection point where selling pressure intensified.

However, sustained buying pressure around the current range could strengthen the rebound structure and allow BSV to extend its upward recovery.

Source: TradingView Technical indicators show improving conditions across the Bitcoin SV chart. At the time of writing, the Parabolic SAR dots have flipped beneath the price candles, which indicates that bullish pressure has started strengthening. 

At the same time, the MACD histogram has turned positive while the MACD line moves closer to the signal line. 

This shift suggests that the previous bearish pressure has weakened after the extended decline. However, the indicator remains near the neutral region, which means the recovery remains in an early stage. 

Even so, the alignment between the Parabolic SAR trend signal and the MACD recovery proposes that Bitcoin SV has begun transitioning toward a more constructive structure across the BSV market.

BSV derivatives activity rises sharply Derivatives markets have also shown a clear increase in participation during the rally. At the time of writing, Open interest (OI) for BSV has climbed roughly 23%, reaching about $42.86 million as traders expand exposure across futures markets. 

This increase implies the entry of new leveraged positions into the market rather than the closure of existing trades. Rising prices and OI often indicate increased trader activity.

In this instance, the rise came after a steep recovery from the demand zone of $13. Higher exposure to derivatives, however, may result in volatility if positions are unwound too soon.

Even so, the expanding OI suggests that traders have increased speculative participation as Bitcoin SV attracts renewed attention.

Source: CoinGlass Top traders lean slightly bullish on BSV Positioning data on Binance top traders now shows a modest bullish tilt toward Bitcoin SV. 

Long accounts represent around 52.23% of positions, while short accounts account for roughly 47.77%. This distribution produced a Long/Short Ratio near 1.09 as of writing. 

Although the difference remains relatively small, the ratio still reflects a slight preference toward long exposure. Importantly, this metric tracks positioning among experienced traders rather than general retail participants. 

As a result, the shift suggests that professional market participants have begun leaning toward the upside following the recent rally.  This positioning aligns with the improving price structure that has started forming across the BSV market.

Source: CoinGlass To sum up, Bitcoin SV currently shows early signs of recovery after defending the $13 demand zone and forming a double-bottom structure. 

Rising volume, improving indicators, and expanding derivatives participation all reflect renewed market interest. However, Bitcoin SV must break above the $17.53 resistance to strengthen the recovery structure. 

A successful breakout could open the path toward the $20 region. Failure near resistance would instead keep BSV within a consolidation phase as traders reassess the strength of the rebound.

Final Summary  Strong buying pressure around the $13 zone suggests Bitcoin SV may attempt a broader structural recovery phase. Sustained strength above nearby resistance would reinforce bullish conviction across BSV markets and encourage further trader participation.

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With the recent explosion in price of top altcoins such as Bitcoin Cash and Bitcoin SV, investors and traders have started asking about the next altcoin season and how to take advantage of it.

At the end of the day, cryptocurrencies are a highly speculative asset class which can increase and decrease in price at any given moment.

Volatility is king in the altcoin market, but this volatility is a great way to increase your holdings and potentially make some good profits.

In this article, I will discuss three reasons why you should take advantage of the upcoming altcoin season and some techniques you could try out.

As always, the views in this article should not be considered financial advisement. The volatility of the crypto markets means money can easily be lost. Never invest more than you can afford to lose.

Is altcoin season a thing?

There are two main reasons why people buy altcoins. The first is to increase their BTC stack by selling those altcoins when prices are high versus Bitcoin. The second is to hold and keep said altcoins for long periods of time in the hope they will appreciate significantly in value, either by storing them in hardware wallets or by committing them to DeFi.

Even though I personally don’t see much advantage in the second strategy, I respect those who have skin in the game. Buying and holding Bitcoin and altcoins will forever be a sane strategy for those who do not wish to deal with the complications of price swings.

However, for the purpose of this piece, I will assume most altcoin investors simply wish to increase their Bitcoin stack.

You may be asking yourself whether the altcoin season is really a thing. Will altcoins really recover and surpass previous all-time highs? Or will most wither away and die like so many in the recent past?

Even though a great deal of altcoins will most likely fade away, the ones that remain will potentially explode in value – at least according to previous bull runs.

Looking at the image above, courtesy of CoinMarketCap, can help you understand how things work. In late 2013, at the peak of the bull market, the top 10 coins by market capitalisation included names such as Peercoin, Namecoin, Megacoin, and Feathercoin.

Of the top 10 altcoins in 2013, only the initial three remain at the top in 2020: Bitcoin, Litecoin, and Ripple.

Taking advantage of altcoin season So how can you take advantage of altcoin season?

Is there a process you should follow? Which altcoins will increase in value against Bitcoin and which won’t?

To answer these questions and more, I will cover the three reasons why I personally diversify a percentage of my portfolio into altcoins.

While other investors and speculators might have a different approach and alternative methods, I see altcoins as a way to diversify risk.

After all, putting all your eggs in the same basket is one of the worst strategies advisable. As with any asset class, hedging is key.

If you’re wondering why, let me discuss the first reason why I believe cryptocurrency traders should take advantage of altcoin season.

Information asymmetry If you believe the crypto markets are not that efficient, going against Efficient Market Theory (or EMT), then investing in altcoins is a must.

Even though I personally think Bitcoin will remain the world’s largest cryptocurrency for the foreseeable future, I can’t guarantee that:

Bitcoin won’t get a critical bug Bitcoin’s inflation/supply will not change The perception of the market towards BTC will remain the same An altcoin won’t flip Bitcoin in price or adoption Governments won’t try to clamp down on Bitcoin There’s probably more reasons why Bitcoin (and the entire crypto market for that matter) could fail.

As such, different people have access to different information, and if there are plenty of arbitrage opportunities within the Bitcoin market, imagine the amount of opportunities between BTC and altcoins.

Therefore, it makes sense to hedge against yourself and your knowledge of the market.

To conclude, putting a minor percentage of your portfolio into altcoins is, in fact, a smart move. Let me discuss that next.

Decrease your portfolio risk The most important aspect of investing is to increase returns without increasing risk.

In other words, increasing your reward/risk ratio is key if you want to be a long-term successful investor. Why? Because if you do not hedge, the likelihood of a black-swan event wiping out most of your portfolio is much higher.

To avoid losing everything, it’s advisable to hedge against your main position.

In the case of Bitcoin, that would be to hold some fiat currencies and altcoins as well – maybe even gold and oil.

While it’s arguable that if Bitcoin fails, altcoins will probably fail as well, there’s absolutely no logic to price appreciation and how value is accrued.

Given those facts, I personally think investors should always hedge against Bitcoin by having a minor percentage of their portfolios in altcoins.

Although everyone should do their own due diligence, historically, the top five altcoins have been the “safest”.

Finally, the last reason you should take advantage of altcoin season is pretty obvious.

Increase your Bitcoin stack By purchasing altcoins, investors and traders are opening up the possibility of making gains that can be converted back into Bitcoin.

Even though it’s highly unlikely BTC/USD will skyrocket by 10,000% again, that is not true for some altcoins.

Therefore, it makes sense to diversify into some key altcoins – ones that perhaps have fundamental market value.

If stacking sats is your thing, never forget there are plenty of ways to achieve that goal. Perhaps the most common, and the one that will yield the highest returns, is investing in altcoins.

By taking advantage of the next altcoin season, you may be able to exponentially increase your Bitcoin stack.

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Disclaimer: The views expressed in this article are the author’s only. This article isn’t financial advice or promotional material; it represents my personal opinion and should not be attributed to Coin Rivet. 

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Does Correlation Between Bitcoin Price and Altcoins Mean Buy the Dips?

Two Popular Altcoins Still Recording Over 140% Gains in 2020 So Far

Crypto markets have found a new level; Binance Coin pumping hard, EOS and Maker still sliding. Market Wrap Monday’s crypto market dump has found a new level and the selloff has abated over the past 24 hours. This has prevented another huge rout though further losses cannot be ruled out. Total market capitalization has stabilized above $125 billion for the time being.

After dumping $100 yesterday Bitcoin has found a new channel around $3,760 where it has traded for the past day. Daily volume is back up to nearly $9 billion for BTC but it appears to be all bearish at the moment. As predicted Bitcoin fell after failing to break strong resistance at $3,900, all indicators suggest that further losses are imminent.

Ethereum has leveled out at around $127, dropping a further percent or so on the day. All of February’s gains are getting wiped out as ETH continues to weaken and follow in the shadow of Bitcoin. XRP has not fallen in the same magnitude which has reduced the gap between second and third places to just $800 million. The Ripple token is currently trading at $0.305.

Binance Coin price 24 hours. Coinmarketcap.com Only one altcoin is surging in the top ten during today’s Asian trading session and it is developing a pattern of its own. Binance Coin appears to be behaving like a stablecoin; it pumps when markets dump. BNB is currently up 10.5% as it hits an 8 month high of $12.50. Binance boss CZ appears to have taken over from Justin Sun for volume of twitter posts in any given day;

https://twitter.com/cz_binance/status/1102579476917960704

Either way his exchange backed token is flying at the moment as it surges past Stellar and Tron to take eighth spot by market cap which is currently $1.7 billion. Changpeng Zhao’s current AMA and recent DEX announcements are driving momentum for BNB. Tron is the only other altcoin in the green in the top ten as it made almost 3% over the past 24 hours.

Looking further down at the top twenty Bitcoin SV is having a rare bounce as it adds 4% on the day taking its price to $66.50. The rest are still in the red with Maker shedding the most at 5%. Monero, NEM and Zcash are all still weak with further losses of 3% today.

FOMO: MOAC on The Move Today’s fomo induced pump is MOAC which is up 14% at the time of writing. There does not seem to be much driving momentum for this multi-level blockchain scaling platform so it could well be tomorrow’s dump. Also getting a boost at the moment is Loom Network with a 12% pump.

Following a couple of days of fomo, Ravencoin is cooling off today as it becomes the top one hundreds biggest loser dumping 13% on the day. Revain and Bitcoin Gold are not far behind as they both shed 12% making up the only three to drop double digits at the moment.

Total crypto market capitalization has found a temporary floor at $126 billion following the $4 billion dump yesterday. Daily volume has crept back up to $28 billion but signals are bearish and the selloff is likely to continue. Crypto markets are at exactly the same place they were three months ago as the consolidation continues.

Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

Crypto markets sliding slowly; EOS, Cosmos ETC accelerating losses, BSV and Tron holding steady.  Market Wrap The crypto correction appears to have slowed today but has not reversed and the short term trend is still downwards. Markets have settled a little following yesterday’s big dump but further losses could be imminent. Total market capitalization has now dropped below $250 billion.

Bitcoin has spent a large part of the past 24 hours hovering around $8,000 but could not hold that level. A slide last night dropped it back below $7,500 but BTC has since recovered marginally. Lower highs and lower lows indicate further losses however; Bitcoin is currently trading at $7,750.

Ethereum has weakened slightly and is now back below $245. Price has turned short term bearish and it is likely to mimic what Bitcoin does over the course of the day. Major ETH support lies at $240.

The top ten is still largely in the red for the third day this week. Losses have decelerated though and altcoins appear to be preparing for a bounce which may be short lived. EOS has dumped a further 6 percent dropping back to $6.20 while Litecoin hold steady above it in fifth. The rest have not moved much aside from Bitcoin SV which, adding another 4 percent, could be manipulated again.

Top twenty movements during Asian crypto trading today are larger, and mostly in a southerly direction. Ethereum Classic has dumped the most with 11 percent back to $8.18 while Cosmos is close behind dropping 8. NEO and Tezos continue their slide with another 6 percent lost each. Only Tron is making a little back today as 4 percent is added to TRX to reach $0.035.

FOMO: HedgeTrade Hedges In Something called HEDG has surged into the top one hundred with a 50 percent pump today however an obscure spike in price that instantly dumped is responsible. GXChain and Bytom are both going strong at the time of writing with 14 percent added each and Revain has been revived with a 13 percent gain on the day.

At the messy end of the tables Crypto.com Chain sliding back 12 percent. Ravencoin is also in a bad way this morning with an 8 percent dump.

Total market cap 24 hours. Total crypto market capitalization has declined for another day but only by 1.6 percent to $248 billion. Over the week a downtrend has started to form and losses could accelerate if Bitcoin and its brethren cannot hold their support levels. Daily volume is still a high $80 billion and BTC dominance has crept back up to 55.7 percent.

Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

Litecoin (LTC) is in a tough spot not only against the US Dollar (USD) but also against Bitcoin (BTC). The daily chart for LTC/BTC shows us the resistance levels that Litecoin (LTC) is up against while trading against Bitcoin (BTC). If we see a decline from current levels, there is nothing much that would stop the price from declining at least 25% before it finds some relief. Lest we forget, it was Litecoin (LTC) not Bitcoin (BTC) that led the parabolic advance of early 2019. We have yet to see a correction in Litecoin (LTC) that would eventually lead to erasing the gains it made because we do not believe that Litecoin (LTC) has bottomed yet, not against Bitcoin (BTC) and not against the US Dollar (USD).

When Litecoin (LTC) entered the market, a lot of investors threw their money at it because it was dirt cheap and they thought it could one day be at the same price Bitcoin (BTC) was trading at. So, it was greed not rationality that drove the price of Litecoin (LTC). In my opinion, if we had thought about how backing Litecoin (LTC) or any other altcoin as an alternative currency goes against the reason of existence of Bitcoin (BTC), perhaps we would not have thousands of useless altcoins today. If we keep on welcoming coins like Litecoin (LTC), then Litecoin Cash or Bitcoin Cash and Bitcoin SV then where does it all stop? How does it fix the double spending problem that Bitcoin (BTC) was meant to solve?

There may be a lot of quick buck artists in the market but there are a lot of very dedicated and loyal people in this market that want to see this space flourish and I think we are very close to seeing a wipeout of most of these useless altcoins off the market. The daily chart for LTC/USD shows us that Litecoin (LTC) has now declined in the same manner in which it rallied. Notice the similarities between rise and fall. If this symmetry is any indication, we are on the verge of a major downtrend that might first pull the price down to the 61.8% fib extension level and then eventually well below that to complete the correction.

Bitcoin (BTC) is a risky investment but it has seen a lot of adoption. It has a better probability of surviving what is about to come. However, the same cannot be said about coins like Litecoin (LTC). We cannot say for sure if Litecoin (LTC) would be around after the next downtrend. Even if it is around, it is more likely to be in the list of forgotten coins considering its only use case is being a faster and cheaper alternative to Bitcoin (BTC). So, what do you think happens when future upgrades make Bitcoin (BTC) as cheaper and faster as Litecoin (LTC) if not more?

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BNB the biggest gainer in top 10 after CZ's AMA, BTC holds above $9K

2020 has so far been particularly positive for Bitcoin and the rest of the cryptocurrency market. Starting the year at around $7,100, BTC currently trades at almost $9,000, charting notable increases throughout the entire week. 

In the past 24 hours alone, Bitcoin gained another 3% to its value, increasing from around $8,650 to about $9,000 from where it retraced a bit and it currently trades at $8,900. 

BTC/USD. Source: TradingView Bitcoin’s total market capitalization has increased to $162 billion. However, its dominance has sized down to 66.1%, meaning that altcoins have managed to recover and to claim new grounds. 

Indeed, looking at how other cryptocurrencies besides Bitcoin performed, it’s rather clear that they are flourishing. All of the projects from the top 20 are in the green, charting serious gains throughout the entire week. The past 24 hours are no exception. 

Bitcoin SV is once again one of the best-performing altcoins, increasing by 10% throughout the past 24 hours. Others who marked serious gains include Binance Coin (9.14%), EOS, (8.84%), Bitcoin Cash (7.8%), and so forth. 

Total Market Capitalization: $245B | Bitcoin Market Capitalization: 162B | BTC Dominance: 66.1%

Major Crypto Headlines $3.2 Million ETH Stolen From UPbit Is Already Laundered: Report Claims. Following the hack of UPbit which took place in November 2019, it now becomes clear that $3.2 million from the stolen cryptocurrency has already been laundered. The report also claims that this happened by using small transactions in a lot of different exchanges. 

You may also like: Bitcoin Price Crashes Below $60K as Strategy’s MSTR Plunges 10% Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highs Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch YouTube Crypto Purge Is Back: Popular YouTuber Davinci Reports He’d Been Blocked From Streaming. Despite issuing a formal apology and saying that the cryptocurrency purge has been a mistake, it appears that YouTube is taking a charge at content creators once again. Popular cryptocurrency YouTuber Davinci has said that his channel has been flagged and that he has been blocked from streaming. 

Craig Wright’s Defamation Case Against Hodlnaut Reportedly Dismissed By UK’s High Court. Self-proclaimed Satoshi Nakamoto, Craig Wright, has reportedly seen his defamation case against popular Twitter user Hodlnaut dismissed. The merit for the order is the is lack of jurisdiction but the case will supposedly continue in Norway.  

Significant Daily Gainers and Losers Ethereum Classic (31.45%) Ethereum Classic (ETC) is undoubtedly the most significant daily gainer throughout the past 24 hours, at the time of this writing. Up 31.45% so far, ETC stands at a price of $10 and a total market capitalization of about $1.1 billion. More interestingly, ETC saw a surge in its 24-hour trading volume which is now more than $3.2 billion. 

MonaCoin (24.72%) MonaCoin is another altcoin that managed to impress in today’s trading session. It’s up about 24 percent in the past day alone, bringing its price to $1.22 at the time of this writing. MonaCoin now sits on a market cap of about $80 million and is the 61st largest cryptocurrency. In terms of 24-hour trading volume, MonaCoin stands at about $21 million. 

Swipe (-11.83%) Unfortunately, not all altcoins managed to increase with the rest of the market. Swipe is down about 11.8% and its price reduced to $1.30. The cryptocurrency stands on a total market cap of about $79 million and saw a trading volume of $14 million in the past 24 hours. 

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Top altcoin performers today, Maximine Coin (MXM) up almost 40%

Crypto market consolidation continues Monday; XRP, BSV and ATOM still climbing, EOS and Tron falling back. Market Wrap The weekend has seen gains on crypto markets as another correction gets quashed. Friday’s big $25 billion dump did not extend into the weekend and things started to recover pretty quickly. Total market capitalization climbed above $270 billion again and the longer term uptrend is still going strong.

Bitcoin reached an intraday high late Sunday when it made it just above $8,800. Since then BTC retreated to $8,700 where it has spent most of the past day. A fall back to $8,600 has left it level on the day as the prospects of further losses mount.

Ethereum has remained flat on the day with virtually no movement. ETH is just under $270 at the time of writing and is likely to mimic whatever Bitcoin does in the next few hours, a move back to support at $250 is looking more likely.

There are only a couple of altcoins moving in the top ten at the time of writing. XRP has lifted itself up 4 percent or so to reach $0.448 and Bitcoin SV appears to be having another manipulated pump as it surges 17 percent. BSV is currently at $218 but considering how it got there leaves little confidence in this one.  Not a lot is going on with the rest of them aside from EOS which has dumped 5 percent failing to get any fomo from the weekend B1 event.

The top twenty also only has a couple of coins on the move. Cosmos is one of them as ATOM gets an 11 percent spike and Ethereum Classic is the other as it makes around 4 percent. Tron is following EOS and losing 5 percent but the rest are pretty flat on the day.

FOMO: Metaverse ETP Spikes Today’s dose of fomo is going to ETP which has jumped 18 percent in the past few hours. Most of the trade is going on at RightBTC and there doesn’t appear to be much driving it. BSV as mentioned is getting pumped again and Maximine Coin is back up there with another 15 percent spike.

There are no big dumps going on at the moment as markets remain in consolidation mode. Those at the bottom of the performance pile for the top one hundred include Aion and Mixin dropping 7-8 percent each.

Total crypto market capitalization 24 hours. Coinmarketcap.com Total crypto market capitalization is currently at $272 billion which is back to where it was this time yesterday. Aside from Friday’s up and down, crypto markets have been pretty sideways all week and are where they were again last Monday. A Bitcoin correction could be imminent as red starts to seep in to the markets on Monday.

Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

Rollercoaster in market, lost $10 billion, regained most, LTC stands out