SPONSORED POST*
The cryptocurrency market suffered a major price drop decline over the recent regulatory crackdown where several altcoins were classified as securities. With altcoins being on the receiving end, the dominance of Bitcoin has jumped to multi-year highs. One altcoin that managed to defy the trend of the market is Tradecurve (TCRV), registering a 20% rally over the last week.
- Bitcoin dropped by double digits amid the regulatory challenges for crypto exchanges and altcoins
- However, the dominance of Bitcoin (BTC) has risen to 47.8%, its highest point in more than two years.
- Amidst the recovering crypto market, Tradecurve (TCRV) has stood out, with a 30% price increase in the last week.
Summary
Bitcoin (BTC) Price Hit Multi-Year Highs
While the classification of 68 top altcoins as securities led to a market-wide price crash, the altcoin market was more impacted than Bitcoin. After the initial sell-off which forced Bitcoin as low as $24,750, BTC staged a comeback as the $25,100 support held strong.
Bouncing off this support, the price of Bitcoin jumped 4% to trade as high as $26,730 today. Data tracker, Santiment has reported an increasing number of whale transactions on Bitcoin, hinting at a possible continuation of the rally. If the Bitcoin bulls manage to hold this level over the next few days, they will attempt a rally above $26,800 toward the critical $28,000 resistance.
As the prices of altcoins suffered a steeper price plunge than Bitcoin, its dominance of the global crypto market cap was forced to increase. At the time of this writing, the dominance of Bitcoin has jumped to 47.8% – highs last recorded in July 2021.
Tradecurve Experiences Price Break Out, What is the Target for TRCV?
Amidst the rising dominance of Bitcoin, Tradecurve (TCRV) has managed to outshine the number one cryptocurrency thanks to a price breakout.
In the bearish market over the last couple of weeks, the price of Tradecurve has increased by 20% to set a new high of $0.018. With Tradecurve still bullish, what is a possible price target for this emerging altcoin?
Tradecurve has managed to remain bullish due to an influx of traders into its ecosystem. Tradecurve is building a decentralized trading platform that will solve most of the problems traders currently face, including allowing them to manage their private keys, trade a wider range of assets, open accounts without KYC requirements, and trade anonymously from anywhere in the world.
These features solve most of the challenges of trading on centralized exchanges like Binance, OKX, and Kraken, making Tradecurve a potential new hub for crypto traders.
As a result, there has been a growing interest in the platform, with a large number of investors jumping into the project. Currently in stage four of its presale and valued at $0.018, experts predict this massive interest could propel the price of TCRV above $0.025 in the coming weeks.
For more information about the Tradecurve presale:
Click Here To Buy TCRV Presale Tokens
Join Our Community on Telegram
*This article was paid for Cryptonomist did not write the article or test the platform.
 has managed to outshine the number one cryptocurrency thanks to a price breakout.){kind=link}