The cryptocurrency market is showcasing its interconnected nature. Bitcoin is approaching a pivotal moment, which has triggered a significant surge in Ethereum’s price and drawn in new traders. This trend often emerges during major bull and bear market cycles. At present, certain altcoins like Remittix are gaining momentum, as traders look for potential gains beyond just the larger cryptocurrencies.
Bitcoin at a Crossroads as Dominance Weakens
Bitcoin is around $93,500. Although there was a short-term recovery, on-chain data indicate a more pessimistic picture. Speeches with a minimum of 1,000 to 10,000 BTC have sold approximately 220,000 coins in the last 1 year. This is the fastest reduction by large holders since early 2023, a behavior that has often appeared before major market shifts.
Analysts also point to Bitcoin dominance hovering near a long-standing falling tr…
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