Bitcoin Dominance at 2-Month High as BTC Stands Firm Above $20K: Weekend Watch

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Despite sliding slightly since yesterday, bitcoin continues to trade above $20,000.

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This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Bitcoin’s dominance over the altcoins is also on the rise. The metric had fallen to 39% last week but has pumped to over 41% as of now for the first time since November 8.The alternative coins charted notable gains yesterday, but most have turned red on a daily scale now. Solana was at the forefront of the rally, skyrocketing by 40% at one point.

Binance Coin is down by a similar percentage and is just under $300. Ethereum has sustained above $1,500 even though it has retraced by 1.5%. Ripple, Cardano, Dogecoin, Polygon, Polkadot, Litecoin, Shiba Inu, and Avalanche have lost the most value in a day by up to 7%.$1 trillion yesterday on CoinGecko.

 

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Bitcoin Miner Bitfarms Looks to Amend BlockFi Loan, Warns of DefaultCanadian bitcoin miner Bitfarms_io warned of default as it looks to amend a $20 million loan with BlockFi. egreechee reports. Bitfarms_io egreechee 'As of the end of 2022, Bitfarms had $36 million in cash and unencumbered crypto.' 1) so why can't it pay? 2) wtf is unencumbered crypto? I guess let's keep the BTC rally going.... Bitfarms_io egreechee plz keep btc price down..for another year. mining centralisation has to go. Bitfarms_io egreechee 2023年来了, $mooney to the moon🚀
Source: CoinDesk - 🏆 291. / 63 Read more »