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Altcoins Crash Against The Ever-Increasing Bitcoin Dominance

Stefan by Stefan
23/12/2019
in Bitcoin News
Reading Time: 2 mins read
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Crypto Market Returns , altcoin, btc, eth, volume, trading
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The altcoins crash against the increasing dominance of the benchmark cryptocurrency as the bitcoin price seems to be headed north and it was trading around $7,100 but surged over  $7,650 on Bitstamp before retracing to a current level of about $7,500 as we are about to read further in the altcoin news.

Ethereum has broken the $130 level and is now standing at $132 which is a more than 2.7 percent increase against the dollar. However, when compared to the BTC, it lost about 2.24 percent of the value to 0.0176 SAT. Ripple increased by 1 percent against the USD but XRP/BTC is down by 3.35 percent. the Binance coin is trading at $13.77 and at 0.0018 SAT which means a 2.34 USD increase and a 2.59 percent BTC decrease.

Tezos was one of the best performers in the past several weeks but is now down against both the USD and BTC as the altcoins crash against the bitcoin’s increasing dominance. SLV is now surging with almost 9 percent to $0.72 against the dollar and a 4 percent against the BTC to 9560 SAT. the market cap has also increased to over $72 million which places it at 58th place among the top 100 currencies. There’s not a lot of news from Silverway and the surge could even come somewhat of a surprise at the moment.

Siacoin is coming next on the list and reached about $0.00145 against the dollar and the 19 SAT against BTC. The market cap is also increasing and broke the $60 million level. Siacoin’s founder appeared on the podcast outlining S.C.s history in the market since it is an active project since 2015. Unfortunately for the Matic Network, it’s becoming the most notable loser among the 100 coins since it lost almost 15 percent against the USD which is trading at $0.016. It goes even lower against Bitcoin with 18 percent to 215 SAT. After the huge drop to $0.012 price a few days ago, it managed to recover to $0.020 yesterday but it started a downtrend again.

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As per the other crypto news, Chainlink is definitely one of the hottest altcoins now. The latest cryptocurrencies news show that LINK versus USD is a pair worth grabbing. This cryptocurrency made one of the clearest short setups and followed through well. The price reached the bottom lately which is why analysts are suggesting buying LINK as soon as possible.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: altcoin analysisaltcoin crashaltcoin pricealtcoins crashaltcoins priceBitcoinbitcoin analysisbitcoin dominancebtc pricemarekt analysismarket crash
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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