CoinMarketCap's Altcoin Season Index increased to 53, indicating a slight improvement in altcoin performance relative to Bitcoin. However, this level remains below the 75 threshold that signals a full altcoin season, keeping the market in a neutral state dominated by Bitcoin. Bitcoin dominance remains high at 58.5%, showing that most capital is still concentrated in Bitcoin despite minor gains in Ethereum's market share. Analysts suggest that without a sustained drop in Bitcoin dominance and broader altcoin outperformance, the market is unlikely to enter a true altcoin season soon.
The Hong Kong Monetary Authority (HKMA) rated its banking sector's quantum readiness at 2.3 out of 10 and set a target for full preparedness by 2030, supported by regulatory mandates and industry tools. In contrast, Bitcoin faces similar quantum comp...
Bitcoin fell about 2.7% to around $63,200 following the U.S. market close, dragged down by a sharp 10% drop in South Korea's Kospi index, which hit its lowest since April. The U.S. Senate postponed a vote on the CLARITY Act, delaying crypto regulator...
On July 27, Bitcoin ETFs experienced an outflow of $11.6 million, indicating a possible short-term drop in investor demand. Meanwhile, Ethereum funds saw an inflow of $9.2 million, reflecting growing positive sentiment toward Ethereum. These contrast...
The US dollar index surged to a 13-month high driven by growing speculation of a Federal Reserve rate hike amid persistent inflation and high energy prices. This strengthened dollar has pressured Bitcoin and Ethereum, which typically move inversely t...
XRP's price declined to around $1.06 as investors remain cautious ahead of a US vote on the Clarity Act, which could clarify crypto regulations. Despite growing on-chain activity and Ripple's launch of institutional tools like Ripple Mint, XRP faces ...
