Blockchain News – Mycelium Wallet Review and Usage Guide – Part I – Bitcoin & Crypto Guide

The Mycelium wallet application is available for iOS and Android users.

Now let’s start exploring the Mycelium wallet.

Users can download the Mycelium wallet mobile application from the Google Play Store (Android).

Important: While downloading any mobile wallet application from the Google Play Store, it is always recommended to check the application count download, reviews, and the rating status. This way, you can protect yourself from various phishing applications found on the internet.

Once the application is installed, a pop-up window will appear that will allow you to do two different activities related to the wallet’s installation.

Choose the option Create a New Wallet if you are a new user.

The application will ask to set up a wallet pin for security.

After PIN setup, the wallet is created, and you can start doing transactions.

Once you create a wallet, you will get a pop-up message to back up your wallet. Select Backup Now before making any transactions so that, in case you lose your device or forget the pin, you’ll be able to recover your BTC.

To back up, click on the Backup Now button.

The application will show you the 12-word backup phrase that you need to store safely.

Through this option, you can share your public address with other users to receive tokens. You can share your address via Twitter, Telegram, WhatsApp, etc.

Transfer BTC From Binance Into Mycelium

To transfer funds from Binance, go to your Spot wallet.

Click on Withdraw against BTC. The below page will appear. Enter the recipient’s Mycelium wallet address there.

Click on Submit. Once the transaction is successful, you can see the BTC tokens in your Mycelium wallet.

Important: While transferring tokens from Binance, be very careful in providing the appropriate wallet address. Check the address format supported by the exchange and get the corresponding Bitcoin address from your wallet. A simple mistake can lead to funding loss.

The Send option allows you to send the BTC tokens to another account. The Mycelium wallet allows you to send tokens to the recipient by either providing the address or scanning the QR code. Enter the recipient’s address and the token value.

The balance tab shows your token balance. You can tap and check balances available on the three supported accounts’ addresses:

Mycelium wallet is able to display data from various supporting exchanges. At any time, you can select and change the exchange depending upon your requirements.

Users can exchange any coins with BTC by using the Mycelium application, but the process is slightly different. You need to first select the token and the amount that you wish to exchange with BTC. Upon clicking the Continue button, the application will display the address where you need to send the exchanging token. The page lists the detailed steps along with the memo number. Complete the transaction within 36 hours. Otherwise, it will be cancelled automatically.

The Buy Crypto feature on Mycelium wallet is powered by Crypto.com. When the users click on the Buy Crypto button, they will be redirected to the crypto.com platform where they can purchase the desired tokens.

Mycelium allows you to buy/sell Bitcoin by using the following services:

Mycelium allows you to buy/sell Bitcoin using your credit card. The card purchase is powered by third-party service provider Simplex. As shown in the below image, you need to select your region first, and then you will be redirected to the page where you need to enter the amount of Bitcoin you want to purchase or the amount that you wish to spend in buying Bitcoin along with your Bitcoin address. Then you hit the continue button. The Simplex application will now take your credit card, personal, and billing details. Confirm the entire process to get the BTC in your wallet.

Mycelium wallet also allows you to buy/sell Bitcoin using SEPA (single euro payments area). SEPA allows users to make euro transfers (direct debits and credit transfers) to the SEPA-participating country using a single bank account (IBAN) and following a standard set of rules and conditions.

The Mycelium wallet offers a marketplace for its users where they can make P2P trading. The marketplace also allows the traders to create ads by providing the following details:

Using the below-highlighted icon, you can add the following accounts to your Mycelium wallet application:

However, we have noticed that the wallet allows you to only create new accounts (Ethereum). It doesn’t support importing any existing (Ethereum) wallet into your Mycelium wallet.

The lock symbol will hide the display of the token values in your wallet application.

You can see your transaction details from this tab.

The Businesses tab lists the third-party services and games supported by the wallet application. You can disable these services by going to the External Service tab in the Settings section.

The platform has integrated gaming betting features in the wallet application that are powered by 1xBit.com. You can see different sports where you can bet.

In the next part, we will see the remaining features supported by the Android mobile wallet application.

Resources: Mycelium wallet

Read More: How To Provide Liquidity on RAMP DEFI Vaults and Earn RAMP Tokens

Blockchain News – Mycelium Wallet Review and Usage Guide – Part I – Bitcoin & Crypto Guide Tags: Blockchain News

Bitcoinist | Feb 10, 2021 | 10:49

FreeBitco.in, one of the oldest and longest-running Bitcoin gaming sites, respected by the BitcoinTalk and the greater crypto community, has revealed that it is offering exclusive benefits for FUN token holders as part of a new premium program.

Here’s what this exclusive opportunity entails and how it could be an incredible opportunity for users of the platform and investors alike.

Search Google for “free Bitcoin” and among the top results after skipping past Bitcoin Cash faucets posing as the real thing is none other than FreeBitco.in.

FreeBitco.in is a provably fair online Bitcoin game that lets you – as the name implies – win free BTC. The game itself has grown over the years from a daily faucet claim to now include prizes and so much more. The community itself has also exploded.

The massive growth in the online community combined with longevity and dominance in the space has created an opportunity for a cryptocurrency token to be integrated into the core experience and provide a host of user benefits.

And while FreeBitco.in will always offer free BTC, the popular and iconic crypto gaming site is now embracing the cryptocurrency Fun Token as part of a new premium program.

FunFair (FUN) is a token designed to underpin the online gaming ecosystem and is an ideal choice for FreeBitco.in as the seventh-largest online casino in the world, according to SimilarWeb. 

FreeBitco.in and FUN combined bring members of the community a variety of exclusive benefits. The sheer size of the community itself means that FUN will soon be integrated into a $600 million per year iGaming platform and immediately reach over 41 million registered users.

And because FreeBitco.in is leveraging the FUN token, demand for the asset is already rising, making it an unprecedented opportunity for investors to maximize ROI. FUNUSD has already completed a “10x” since the start of 2021 and it is just the beginning.

FunFair is listed on top cryptocurrency exchanges such as Binance, Bitfinex, OKEx, and Uniswap. Free Bitco.in users who buy FUN tokens get up to 1% cashback on certain BTC wagers and games. Holding FUN tokens also lets users earn up to 16 spins on the Wheel of Fortune. Prizes consist of iPhones, a Rolex, or up to $15,000 in free BTC.

FreeBitco.in users are automatically offered up 4.08% interest on BTC balance, but by holding Fun tokens, users can bolster the APR to as high as 5.10%. 

The premium program launches on March 15, 2021. Anyone interested in taking full advantage of all the “ FUN ” should consider FUN tokens before the demand takes over, and like we’ve seen with other cryptocurrencies, a supply shock leaves late investors wishing they bought sooner.

Investors can be sure that FunFair has long-term value, further improved by the ongoing partnership and premium program with FreeBitco.in. The company saw over $600 million wagered in 2020 alone and a 30% year over year increase. At that rate and the current crypto market growth, Free.Bitco.in could soon be one of the largest websites in the entire world, not just in the online casino or bitcoin gaming space.

To learn more, visit the official website.

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Danal Fintech, a subsidiary of Danal, one of the largest payment companies in South Korea, today announced that they are joining the ICON blockchain ecosystem, the largest decentralized network in Korea by market capitalization. Danal Fintech will integrate ICON’s cryptocurrency ICX into Paycoin, its global payments and remittance app. This will allow Paycoin’s 750,000+ users to pay in ICX at any of Danal’s 60,000 merchant partners, including 7-Eleven, KFC, and Domino’s Pizza. “With PayPal recently announcing its plans to support cryptocurrencies, we’re starting to see major acceleration in crypto adoption by payment apps and fintech companies in Asia,” said Min Kim, ICON project Founder. “Now with Paycoin, it’s easier than ever for people to buy and spend their ICX at thousands of Danal’s merchant partners.” “Paycoin is one of the first virtual asset apps being used commercially in Korea and ICON is one of the largest blockchain projects in Korea. Through this partnership between the two projects, we expect to bring virtual assets one step closer to our daily life,” said Ted Hwang, CEO of Danal Fintech. “We will continue to expand business scope through various partnerships in the future.” Danal Fintech will also become an ICON Public Representative, or P-Rep, the title given to consensus and governance block validators on the ICON Network. P-Reps like Danal Fintech play key roles in the ICON Network such as block creation and verification, decision making on network policy, and expansion of the overall ICON ecosystem. P-Reps are elected by delegation of stake by the ICON community, and help keep the network stable with technical infrastructure support. Danal Fintech is part of Danal Co. Ltd, one of South Korea’s largest payment companies. Danal provides integrated payment solutions to its partners, from credit and debit cards to mobile billings and more. With more than 20 years in business, Danal accounts for half of the market share in mobile billings, equivalent to $5.5 billion USD annually. Danal Fintech focuses on blockchain-based payment solutions, and launched Paycoin in 2019 as one of the first apps for using virtual currencies in retail payments. Danal’s Paycoin app reduces intermediaries in existing payment processes, lowers transaction fees, and speeds up settlement cycles; all in a safe and convenient payment environment. The app makes it easy for ICX holders to spend their cryptocurrency at both online and offline retailers all over South Korea. Shortly after joining as a P-Rep, Danal Fintech will start the integration of ICX into the Paycoin payment application. At its completion, ICON users will be able to deposit and spend their ICX with the Paycoin app.

The Crypto.com allows you to securely buy, sell, store, send, track, and spend crypto.

If you sign up via this Crypto.com $25 Bonus Referral Link and stake at least 2,500 CRO in a Metal Visa Card for 6 months, you will earn a $25 bonus worth of CRO.

Please note that the current value of 1 CRO token is around $0.08 as of 2/11/2021, so the value of the 2,500 CRO that is needed to be staked in order to qualify for the $25 bonus is equal to about $200 USD.

1. Register with your email address at this Crypto.com $25 Bonus Referral Link to get started.

2. Download the Crypto.com App and sign up with the same email address.

3. Confirm your email address by clicking the link in the email they send.

4. Complete the verification process by submitting your ID in the app.

5. After verification is complete (usually takes up to 10 minutes), your $25 USD worth of CRO bonus will immediately appear in your CRO Wallet.

6. Visit the Rewards page in the app via the Home Screen Gift Icon to see your locked sign-up bonus and click the “Unlock Now” button.

7. To unlock your $25 sign-up bonus, you must stake at least 2,500 CRO in a Crypto.com Metal Visa Card for 6 months (2,500 CRO value = $200 USD as of 2/11/2021).

8. To stake the minimum 2,500 CRO, you can select the Ruby Steel (red) card version, which offers 2% back in CRO Rewards with a 100% Spotify rebate and no monthly fees, no annual fees, and no issuance fees.

9. You can purchase the 2,500 CRO for the stake via credit card (no fees), crypto wallet, or bank transfer.

10. As soon as you stake the 2,500 CRO, your $25 USD bonus worth of CRO will instantly be unlocked and available to sell, trade, or withdraw as you please.

11. At the end of the 6-month stake period, you can unlock your 2,500 CRO that has been staked by tapping the “Unlock” button in your CRO Wallet.

12. You can then withdraw your 2,500 CRO in staked funds, trade for another crypto, or spend it via your Metal Visa Card.

After you sign up for Crypto.com, you can participate in the Crypro.com referral program.

To share the Crypto.com referral, just go to the Home Screen Gift Icon in the app.

When you refer a friend who stakes at least 2,500 CRO for a Metal Visa Card for a minimum of 6 months, you will both earn $25 worth of CRO.

In order to qualify, your friend must sign up via your referral link, confirm their email address, pass verification, and stake at least 2,500 CRO for a MCO Visa Card.

You will receive your $25 USD in CRO in your CRO Wallet instantly once your referrals have completed the staking process.

The $25 bonuses are credited to both parties at the start of the staking period, not at the end of 6 months, so you get your bonus reward right away.

You can share your referral link/code with as many friends as you like and earn an unlimited amount of bonuses.

Learn more about the Crypto.com referral program.

Kiss bassist Gene Simmons is making a large bet on the sixth largest crypto by market cap.

In a new tweet, the famed musician tells his 940,500 followers that he purchased hundreds of thousands of dollars worth of Cardano (ADA).

“I just bought $300,000 of Cardano (ADA). I’m not a financial analyst and I’m not telling you to buy or not to buy. Simply letting you know what I am doing and what I believe in. Why? Because I believe it’s going up… and it’s always up to you to research & decide.

Why did I buy Cardano (ADA)? Well, for one thing, it’s affordable to almost everyone. It’s pennies compared to my other holdings like Bitcoin, which is over $50,000 a single coin. I believe everyone should be able to afford cryptocurrency. And here is one I believe in.”

Simmons says he also believes in the project because it is backed by one of the Ethereum co-founders, Charles Hoskinson.

— Gene Simmons (@genesimmons) February 19, 2021

At the time of Simmons’ tweets, ADA was sitting at around $0.90, but it has since skyrocketed to a new 52-week high of $1.09.

Earlier this month, the rock icon revealed that he owns or plans to own three large-cap crypto assets.

“I’m not recommending any of this to anyone. But yes, I bought and/or will own Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and others.”

As for his BTC holdings, Simmons says he invested millions of dollars in the leading crypto asset.

“Bitcoin I bought seven-figure months ago. It’s been very good to me. Do I believe it’s going even higher than the recent record breaking surges? You bet!”

Featured Image: Shutterstock/Tiziano Cardaci

Bitcoin today smashed through its short-term “bearish ceiling” set after running into resistance earlier this week. With the level now out of the way and cleared, the asset’s larger parabolic move continuing is “imminent,” according to one crypto capital manager.

Here’s what the rest of the parabolic move might look like, once the uptrend regains its previous momentum.

Indecision struck when the next day the impulse didn’t continue, resulting in a doji and a drop on the next day. Newly attained support held, and already Bitcoin has taken out the short-term bearish ceiling set when the uptrend hit resistance recently.

With any sort of resistance now out of the way, one crypto capital manager believes that the longer-term “parabolic” move continuing is “imminent.”

When assets go “parabolic” an increasingly higher base is built until it all comes tumbling down. Ross’s expectations fall in line with the idea that the consolidation phase between $40,000 and $30,000 was yet another base built, and the parabola will soon continue.

In terms of how high things can go, a long-term uptrend channel shows just how far the larger parabolic move has left to climb, along with comparisons to past uptrends to confirm the legitimacy of the expectation.

Wherever the move ends up taking the price per Bitcoin to ultimately, what comes next is yet another bear market and a chance to accumulate more BTC to do it all again.

An attempt to capitalize on the ongoing hype around Dogecoin has backfired for the crypto wallet app Freewallet after it was called out online in a tweet from Elon Musk.

Freewallet, riding on the Elon-Doge rocket of publicity, released a tweet telling people to buy and exchange Dogecoin in its crypto wallet app with a tag of the man himself.

Tagging Elon Musk comes with its own risk, as apparent from the blunt reply:

— Elon Musk (@elonmusk) February 10, 2021

An hour later, Musk decided to expand on his claim by jumping from his role of executioner to an educator:

As expected, Musk’s followers rallied behind him and joined in on the action, leading to an entourage of critical posts being directed towards the crypto app. Full thread here.

Musk’s criticism of crypto wallets and his love for Dogecoin shouldn’t come as a surprise. The price of Dogecoin soared by 60% last week in response to a tweet he made, in which he posted an iconic scene from the Lion King that’d been edited to show him holding up the Shiba Inu dog, the face of Dogecoin, instead of Simba.

The distaste for crypto wallets and trading platforms from Musk is as equally expected. It follows his open criticism of the decision taken by several platforms to cease trading of Gamestop shares after the price of the company soared to nearly $400 a share.

The hype around Dogecoin shows no signs of slowing down, as other celebrity figures, including Snoop Dogg and Gene Simmons, join Musk’s attempt of taking the meme coin to the moon. The value of Dogecoin has jumped by over 572% in the last month.

Who keeps your keys? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Source : Bitcoin

Kiss bassist Gene Simmons makes a large bet on Cardano’s ADA. The musician hopped on Twitter and told his followers that he purchased hundreds of thousands of dollars worth of Cardano.

“I just bought $300,000 of Cardano (ADA). I’m not a financial analyst and I’m not telling you to buy or not to buy. Simply letting you know what I am doing and what I believe in. Why? Because I believe it’s going up… and it’s always up to you to research & decide,” Simmons said.

He continued and posted this: “Why did I buy Cardano (ADA)? Well, for one thing, it’s affordable to almost everyone. It’s pennies compared to my other holdings like Bitcoin, which is over $50,000 a single coin. I believe everyone should be able to afford cryptocurrency. And here is one I believe in.”

— Gene Simmons (@genesimmons) February 19, 2021

Simmons says he also believes in the project because it is backed by one of the Ethereum co-founders, Charles Hoskinson.

According to the online publication the Daily Hodl, earlier this month, the rock icon revealed that he owns or plans to own three large-cap crypto assets.

“I’m not recommending any of this to anyone. But yes, I bought and/or will own Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and others.”

As for his BTC holdings, Simmons says he invested millions of dollars in the leading crypto asset.

“Bitcoin I bought seven-figure months ago. It’s been very good to me. Do I believe it’s going even higher than the recent record breaking surges? You bet!” he said.

It’s been just revealed that the former Ethereum Co-Founder, Founder of Cardano and CEO of IOHK, Charles Hoskinson, announced the launch of an enterprise blockchain framework that aims to provide financial services to billions of people living in African countries.

Forbes recently addressed the subject in one of their articles.

Known as “Atala” (named after a butterfly that resides in Florida), IOHK’s framework will serve as a solutions provider for developers, companies and governments looking to implement new products.

An attempt to capitalize on the ongoing hype around Dogecoin has backfired for the crypto wallet app Freewallet after it was called out online in a tweet from Elon Musk.

Freewallet, riding on the Elon-Doge rocket of publicity, released a tweet telling people to buy and exchange Dogecoin in its crypto wallet app with a tag of the man himself.

Tagging Elon Musk comes with its own risk, as apparent from the blunt reply:

— Elon Musk (@elonmusk) February 10, 2021

An hour later, Musk decided to expand on his claim by jumping from his role of executioner to an educator:

As expected, Musk’s followers rallied behind him and joined in on the action, leading to an entourage of critical posts being directed towards the crypto app. Full thread here.

Musk’s criticism of crypto wallets and his love for Dogecoin shouldn’t come as a surprise. The price of d ogecoin soared by 60% last week in response to a tweet he made, in which he posted an iconic scene from the Lion King that’d been edited to show him holding up the Shiba Inu dog, the face of Dogecoin, instead of Simba.

The distaste for crypto wallets and trading platforms from Musk is as equally expected. It follows his open criticism of the decision taken by several platforms to cease trading of Gamestop shares after the price of the company soared to nearly $400 a share.

The hype around Dogecoin shows no signs of slowing down, as other celebrity figures, including Snoop Dogg and Gene Simmons, join Musk’s attempt of taking the meme coin to the moon. The value of Dogecoin has jumped by over 572% in the last month.

Who keeps your keys? Let us know in the comments section below.

Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

After the latest all-time high above $52,600, BTC has calmed slightly and has stalled beneath $52,000. In contrast, some altcoins have exploded in value, including another fresh record for Binance Coin, and have reduced bitcoin’s dominance over the market to below 60.5%.

Most large-cap alternative coins have remained calm similarly to bitcoin in the past 24 hours. Ethereum and Litecoin are up by about 2% to $1,920 and $230, respectively. Simultaneously, Chainlink, Bitcoin Cash, Polkadot, Cardano, and Ripple have painted minor losses.

However, Binance Coin is the apparent exception with a massive 50% surge once again. Hence, BNB marked another ATH above $270. The native crypto of the popular exchange more than doubled its value since Wednesday when it traded at $125. Thus, BNB has surpassed Tether as the third-largest cryptocurrency by market cap.

Interestingly, BNB is not the only exchange coin that has been surging lately. OKEx’ OKB is up by 50% in two days to $12, Huobi’s HT jumped by 60% to nearly $20, and FTX’s FTT broke above $30 after an increase of 70% since Monday.

In the past 24 hours, PancakeSwap has added the most value of 80% to $18. Golem (70%), Venus (47%), Ravencoin (37%), Voyager Token (26%), ICON (22%), and Ren (20%) follow.

In general, coins built on top of the Binance Smart Chain are charting massive increases in the past couple of days prompted by the surge of new investors exploring the ecosystem.

Ultimately, the total market cap also went for a new record as it touched $1.6 trillion.

The primary cryptocurrency also enjoyed the past several days as it broke above $50,000 for the first time and went further to its latest record at north of $52,600 yesterday, as reported.

Nevertheless, the asset calmed and even dipped to $50,500 in the following hours. However, the bulls didn’t allow any further drops and pushed the price to its current level of about $51,500.

Despite reclaiming some of its value, the rising altcoins have reduced BTC’s dominance once again. The metric comparing bitcoin’s market capitalization with all other cryptocurrency assets has dropped to 60.3% after rising above 62% just a few days ago.

Source

As Bitcoins became more and more scarce and expensive, Bitcoiners began tokenizing their Bitcoins on the Ethereum network through decentralized smart contracts. As a result, several stablecoins emerged on the Ethereum blockchain whose value was pegged to BTC’s value. mStable has realized this market potentiality in a profitable way by releasing this new and unusual meta-stablecoin.

Though it may seem confusing at first glance, this meta-bitcoin stablecoin is an elegant solution to a looming crisis. Though several variants of BTC stablecoins pre-exist on the Ethereum blockchain, there is no contingency plan if any particular Bitcoin stablecoin collapses. This is where the company mStable steps in to solve the issue. mBTC is linked to a bucket of three BTC stablecoins, namely wBTC, renBTC and sBTC. Even in case of a collapse of a stablecoin, owners will not completely lose all their money due to the unique structure of this remarkable stablecoin token, hence the name meta-stablecoin.

mStable users can head to the app and click on the respective icons to begin the minting process. Any user with wBTC, sBTC and renBTC can begin minting this token on its native app platform. This meta-stablecoin can also be redeemed for any of the three Bitcoin tokens on the Ethereum blockchain. However, it is important to note that since mBTC is pegged to Bitcoin stablecoins, it will be just as volatile as BTC. Analysis suggests that the company will initially target a market cap of $8 billion locked as Bitcoin on Ethereum. This new venture is different from mUSD, the other stablecoin from mStable, which is pegged to the value of the US dollar, in the fact that it is decentralized and custody-independent which allows users to easily control their own funds.

The initial deployment was a guarded launch which enabled TVL caps on newly minted stablecoin tokens for the first few weeks. However, upon complete deployment, mStable promises that mBTC would offer high capital efficiency with in-built tail risk minimization features among several others. Moreover, users can also earn interest on their meta-stablecoins through the app’s Compound and open-source Aave lending protocols. Additionally, DEX aggregators such as 1inch and Matcha report that mStable swaps are a major source of stablecoin liquidity. About $400 million worth of mUSD have been minted by dedicated users right from the company’s launch in 2018, leading to the impression that mBTC is also poised to reach similar levels.

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Bitcoin’s dominance continues to suffer and has dropped beneath 61% once more as the asset has stalled around $45,000. In contrast, numerous altcoins have spiked, including a new 3-year high of Cardano as ADA has neared $1.

The primary cryptocurrency registered its largest green candle in history on Monday upon news that Elon Musk’s Tesla had purchased $1.5 billion in BTC. This development drove the cryptocurrency to a new all-time high at above $48,000.

However, bitcoin has failed to sustain its price at such a high level in the following days. Just the opposite, BTC started to gradually decrease in value, which resulted in a few dips beneath $44,000.

After the last one, bitcoin bounced off rather sharply and went to an intraday high of about $45,600 yesterday. Nevertheless, the bears didn’t allow any further increases and drove BTC to its current level around $45,000.

The technical indicators suggest that this particular level is BTC’s first support line in case of another price breakdown. Should the asset indeed drop below it again, it can find additional support at $44,415, $44,000, and $42,000.

Alternatively, bitcoin’s first major obstacles on its way up are at $47,350 and the all-time high of $48,215.

Most alternative coins have been on a roll lately, perhaps led by Binance Coin’s surge of 260% in less than two weeks to above $145. However, some have also stalled or slightly retraced since yesterday.

Ethereum is 4% down to below $1,750. Bitcoin Cash (-1.3%), Chainlink (-2%), Litecoin (-4%), and BNB (-17%) are also well in the red.

Cardano is the most impressive gainer from the top 10 with a 15% surge. As a result, ADA has arrived at a new 3-year high and has come less than 10% away from reaching $1.

Lower and mid-cap altcoins have displayed even more significant gains. Status leads with a 55% surge, followed by Qtum (51%), ICON (48%), and IOTA (43%). Other representatives of the double-digit price increase club include Avalanche (27%), Kyber Network (27%), The Graph (26%), Celo (21%), Ontology (20%), and more.

Ultimately, the rising altcoins have reduced BTC’s dominance over the market to 60.8%. During the price surge on Monday, the metric had increased to above 64%.

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