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As Bitcoin hits a new all-time high (ATH), the altcoin market is gaining significant momentum. Global interest in altcoins is surging, with search trends reflecting this growing attention. According to Google Trends, searches for “altcoins” reached the highest possible popularity score of 100 in the first few days of December. Looking at historical patterns, search interest in altcoins spiked notably in November, peaking at a score of 93 before dropping to 56 mid-month. This fluctuation followed the announcement of Donald Trump’s presidential victory on 5 November, coinciding with Bitcoin’s all-time high. With altcoins printing price rallies, investors are searching for the best altcoins to invest in today . 6 Best Altcoins To Invest In Today  The cryptocurrency market is seeing notable activity, with several tokens drawing attention despite a general market slowdown. Artificial Superintelligence Alliance (FET) has emerged as a key player among AI-focused...

Polkadot (DOT) recently made some headlines after opening up its marketing budget and dividing opinions in the cryptocurrency market. The Web3 project continues to bet on spending transparency, now revealing a nearly $400,000 budget for Token2049 in Singapore. While reporting the six-digit expenses for the crypto event, Eric Holst raised a question: “Is Token2049 in Singapore worth it?” In the comments, people exposed different answers and opinions to Holst’s question, with a mix of supportive and opposing biases. Picks for you Cardano founder slams Ethereum as a ‘dictatorship’ 1 hour ago Pro crypto trader announces ‘epic pump season,’ here’s when 3 hours ago ...

Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears. FTX’s collapse dealt a major blow to the already fragile sentiment among cryptocurrency investors. Although a quick recovery is unlikely, Blockchain analysis firm Chainalysis said that the crypto universe could emerge stronger from this crisis. Chainalysis’ research lead Eric Jardine arrived to the conclusion after comparing FTX’s fall to that of Mt. Gox. Another calming statement came from Bloomberg Intelligence exchange-traded fund (EFT) analyst James Seyffart, who said that there was a “99.9% chance” that the Grayscale Bitcoin Trust (GBTC) held the Bitcoin (BTC) it claimed. He added that GBTC was “unlikely” to be liquidated. Daily cryptocurrency market performance. Source: Coin360 The negative events of the past few days do not seem to have scared away the small investors who remain on an accumulating spree. According to blockchain analytics company Gla...

Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels. The United States consumer price index rose 4.9% annually, which was slightly less than estimates of a 5% increase. The CPI’s monthly rise of 0.4% in April was in line with expectations. Although inflation remains stubbornly higher than the Federal Reserve’s 2% target range, traders will take comfort from the slower pace of increase. That suggests the Fed rate hikes are having their effect and further rate hikes may not be necessary. If the Fed pivots and starts to cut rates as the FedWatch Tool projects, that may be positive for risky assets such as equities and cryptocurrencies. Bitcoin (BTC) has responded positively to the CPI data and has risen above $28,000 on May 10. Daily cryptocurrency market performance. Source: Coin360 While the downside looks limited, the bulls may not have it easy at higher levels becaus...

Bitcoin hit a year-to-date high at $31,000 and ETH price followed. Which altcoins will be next? Bitcoin (BTC) and Ether (ETH) are trading above the psychologically important levels of $30,000 and $2,000 respectively. This suggests that the crypto winter may be on its last legs.  Some analysts are calling for an altseason to begin but it may be too early for that. When most of the crypto bears turn bullish, Bitcoin is likely to turn down sharply and catch the late entrants off guard. That could hurt sentiment in the short term and cause a sell-off in altcoins. After the weak hands are shaken out, the crypto Markets may stabilize and begin a sustained uptrend. Daily cryptocurrency market performance. Source: Coin360 Data from on-chain intelligence platform Glassnode suggests that there are significant similarities between the current having cycle and the previous ones. However, Ecoinometrics warned that an economic recession could alter things.  Let’s watch the charts of the top-10 cryp...

Bitcoin continues to face resistance near $29,000 and Ether has decided to take charge of the wider crypto markets' bullish momentum. Bitcoin (BTC) remains pinned below the psychologically crucial level of $30,000 as cryptocurrency investors search for positive triggers. That has not stopped business intelligence firm MicroStrategy from adding 1,045 Bitcoin to its kitty, which has now swelled to 140,000 Bitcoin. Even after the sharp recovery from November 2022 low, monitoring resource Material Indicators believes the current up-move is a bear market rally. Usually, a bear market rally does not turn around until the last bear has thrown in the towel. This suggests that Bitcoin’s recovery may have some more legs before it turns down to shake out the weaker hands. Daily cryptocurrency market performance. Source: Coin360 A survey conducted by financial services firm Brown Brothers Harriman shows that institutional investors remain interested in the cryptocurrency space despite the cry...