The post Bitcoin chart shows worrying Death Cross appeared on BitcoinEthereumNews.com. Bitcoin’s dominance in the cryptocurrency market has slipped below 60%, and a rare Death Cross pattern has now formed on the dominance chart.  As of August 19, Bitcoin dominance stands at 59.71%, with the 50-day moving average crossing beneath the 200-day, a move that traditionally signals waning strength in the underlying trend. Bitcoin dominance chart. Source: Finbold/TradingView Rather than focusing on Bitcoin’s price itself, dominance measures the share of total crypto market capitalization captured by BTC compared to altcoins. When dominance trends lower, it reflects capital rotation into alternative assets, often coinciding with periods of relative outperformance in Ethereum and other large-cap tokens. Over the past three months, Bitcoin dominance has fallen sharply from highs above 64%, dragged lower by accelerating altcoin inflows and profit-taking after BTC’s mid-year rally. Volumes accompanying this decline remain elevated, with $70.6 billion traded over the last 24 hours, underlining heightened risk appetite outside of Bitcoin. Bitcoin Death Cross technical analysis  From a technical perspective, the emergence of a Death Cross suggests that Bitcoin’s dominance may continue to weaken in the near term.  Historically, such breakdowns have opened the door to altcoin “mini-seasons,” where capital seeks higher beta plays across Layer-1 tokens, DeFi projects, and even mid-cap narratives. Still, it is important to note that a Death Cross on dominance is not always a guarantee of sustained altcoin strength, especially if broader market liquidity tightens. Momentum indicators reinforce the shift. The Relative Strength Index (RSI) for BTC dominance currently sits at 36.42, hovering just above oversold conditions, while the moving average convergence points to persistent downward pressure. This combination strengthens the case that Bitcoin may cede further ground to altcoins unless a sharp reversal in market sentiment occurs. Source: https://finbold.com/bitcoin-chart-shows-worrying-death-cross/The post Bitcoin chart shows worrying Death Cross appeared on BitcoinEthereumNews.com. Bitcoin’s dominance in the cryptocurrency market has slipped below 60%, and a rare Death Cross pattern has now formed on the dominance chart.  As of August 19, Bitcoin dominance stands at 59.71%, with the 50-day moving average crossing beneath the 200-day, a move that traditionally signals waning strength in the underlying trend. Bitcoin dominance chart. Source: Finbold/TradingView Rather than focusing on Bitcoin’s price itself, dominance measures the share of total crypto market capitalization captured by BTC compared to altcoins. When dominance trends lower, it reflects capital rotation into alternative assets, often coinciding with periods of relative outperformance in Ethereum and other large-cap tokens. Over the past three months, Bitcoin dominance has fallen sharply from highs above 64%, dragged lower by accelerating altcoin inflows and profit-taking after BTC’s mid-year rally. Volumes accompanying this decline remain elevated, with $70.6 billion traded over the last 24 hours, underlining heightened risk appetite outside of Bitcoin. Bitcoin Death Cross technical analysis  From a technical perspective, the emergence of a Death Cross suggests that Bitcoin’s dominance may continue to weaken in the near term.  Historically, such breakdowns have opened the door to altcoin “mini-seasons,” where capital seeks higher beta plays across Layer-1 tokens, DeFi projects, and even mid-cap narratives. Still, it is important to note that a Death Cross on dominance is not always a guarantee of sustained altcoin strength, especially if broader market liquidity tightens. Momentum indicators reinforce the shift. The Relative Strength Index (RSI) for BTC dominance currently sits at 36.42, hovering just above oversold conditions, while the moving average convergence points to persistent downward pressure. This combination strengthens the case that Bitcoin may cede further ground to altcoins unless a sharp reversal in market sentiment occurs. Source: https://finbold.com/bitcoin-chart-shows-worrying-death-cross/

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more