Crypto market strong, but Bitcoin and Cardano no
The post Crypto market strong, but Bitcoin and Cardano no appeared on BitcoinEthereumNews.com. Yesterday, the entry into altseason caused Bitcoin to suffer, while Cardano failed to take off, despite the altcoin season index rising above 75 points. Bitcoin and Cardano: Price Analysis Comparison In the last twelve days, the overall market capitalization of altcoins has risen by 10%, going from approximately 1.6 trillion dollars to 1.76 trillion. However, this data also includes Ethereum and stablecoin, so it is advisable to also consider the so-called Total3, which is the total market capitalization of altcoins excluding BTC, ETH, and the main stablecoins. The Total3 has risen by 11.5% over the last twelve days, up to yesterday’s close, indicating, for example, that Ethereum has underperformed compared to the average of other altcoins. Well, in the same period the price of Bitcoin recorded a +5%, which is less than half the performance of Total3. Additionally, the current price level of Bitcoin, more or less around $117,000, is in line with that of August 22, and is 6% lower compared to the all-time highs recorded just over a month ago. In other words, after reaching new all-time highs just before mid-August, above $124,000, it underwent a small and brief correction and then effectively began a phase of lateralization, albeit slightly volatile. This phase of lateralization is actually still ongoing, despite the +5% of the last twelve days, precisely because the recovery from the small correction at the end of August and the beginning of September is underway. While Bitcoin moves sideways, altcoins are rising, so much so that Total3 is now at the highs of 2025, and just yesterday it recorded its all-time high above 1.7 trillion dollars. Here is why it is possible to state that the crypto market as a whole is very strong, but Bitcoin is not. The Trend of Cardano One of the altcoins…
The post Crypto market strong, but Bitcoin and Cardano no appeared on BitcoinEthereumNews.com.
Yesterday, the entry into altseason caused Bitcoin to suffer, while Cardano failed to take off, despite the altcoin season index rising above 75 points. Bitcoin and Cardano: Price Analysis Comparison In the last twelve days, the overall market capitalization of altcoins has risen by 10%, going from approximately 1.6 trillion dollars to 1.76 trillion. However, this data also includes Ethereum and stablecoin, so it is advisable to also consider the so-called Total3, which is the total market capitalization of altcoins excluding BTC, ETH, and the main stablecoins. The Total3 has risen by 11.5% over the last twelve days, up to yesterday’s close, indicating, for example, that Ethereum has underperformed compared to the average of other altcoins. Well, in the same period the price of Bitcoin recorded a +5%, which is less than half the performance of Total3. Additionally, the current price level of Bitcoin, more or less around $117,000, is in line with that of August 22, and is 6% lower compared to the all-time highs recorded just over a month ago. In other words, after reaching new all-time highs just before mid-August, above $124,000, it underwent a small and brief correction and then effectively began a phase of lateralization, albeit slightly volatile. This phase of lateralization is actually still ongoing, despite the +5% of the last twelve days, precisely because the recovery from the small correction at the end of August and the beginning of September is underway. While Bitcoin moves sideways, altcoins are rising, so much so that Total3 is now at the highs of 2025, and just yesterday it recorded its all-time high above 1.7 trillion dollars. Here is why it is possible to state that the crypto market as a whole is very strong, but Bitcoin is not. The Trend of Cardano One of the altcoins…
What's Your Reaction?
