Chain News Daily Official TheBitTimes.com

While Bitcoin (BTC) flirts with the long-awaited $100,000, and Jim Cramer recommends a “buy,” crypto traders eye the Altseason. Historically, money has rotated from Bitcoin into altcoins after significant breakouts, which could occur again this cycle, starting on Sunday. This is because Sunday, November 24, will close the third consecutive week above Bitcoin’s last weekly candle’s high. Essentially, an altseason started every time this pattern occurred in the previous two cycles, as TechDev shared on X. An altseason happens when altcoins outperform Bitcoin, diminishing its market cap dominance. Some analysts are already excluding Ethereum (ETH) as part of “altcoin” Analysis , given its market size and relevance. Picks for you Cardano hits $1: Could this surge be just the start of an even bigger rally?  9 mins ...

BlackRock‘s (NYSE: BLK) iShares Bitcoin Trust (IBIT) has shown remarkable resilience amid Bitcoin (BTC) outflows from other exchange-traded funds (ETFs). However, the IBIT ETF registered its second-ever outflow on August 28, raising concerns among Bitcoin investors as a bearish indicator. Notably, the two-only outflows from IBIT were significantly small compared to all the inflows since its launch in January. On April 30, the iShares Bitcoin Trust sold $38.68 million worth of BTC for the first time. In this most recent activity, BlackRock sold an even smaller amount of 227.62 BTC, worth $13.43 million. Despite immediate concerns about a more bearish outlook, the finance giant has shown a bullish bias toward the leading cryptocurrency. Picks for you Bitcoin price prediction as Trump plans to make U.S. ‘crypto capital of the planet’ ...