Bitcoin News Official TheBitTimes.com

Bitcoin’s price consolidation is giving altcoin traders confidence that DOGE, MKR, OP and XDC could break out. Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher. Bitcoin’s consolidation has pulled its market dominance to 48% from over 50% on June 30. This shows that market participants have been gradually shifting their focus to select altcoins, which are starting to move up. Crypto market data daily view. Source: Coin360 However, an altcoin recovery is likely to remain in place only till Bitcoin shows strength. If Bitcoin turns down sharply, the possibility of a sell-off in altcoins remains high. While select altcoins provide trading opportunities, cryptocurrency traders should be careful and keep a close watch on Bitcoin’s price action. What are the important support and resistance levels ...

XDC Network (XDC) is up by more than 11% in the last 24 hours, representing a nearly 100% increase on the monthly timeframe. Amidst weeks of Bitcoin (BTC) fluctuating between the narrow range of $29,000 and $31,000, the XDC Network (XDC) has exhibited impressive bullish momentum. Interest in XDC seems to be increasing due to its recent price surge and partnerships.  In June, XDC Network forged a strategic partnership with Tokyo-based financial holding company SBI. This collaboration aims to expand XDC’s presence in Japan, a country known for its growing interest in blockchain technology. The announcement of this partnership sparked a notable surge in the price of XDC, with its native token registering an impressive 28% price gain on the charts. You might also like: Binance to launch Japanese crypto services in August XDC price action As of the latest data, the price of XDC Network (XDC) stands at $0.060794, reflecting a remarkable 11.6% increase in the past 24...