Bitcoin's Market Share Plummets: Analyzing the Altcoin Resurgence
6 months ago

Bitcoin's market share has diminished significantly, now resting at 61.02%, which highlights a notable resilience among altcoins. The TOTAL3 index, a pivotal measure of altcoin performance, temporarily dipped to $770 billion before managing to bounce back to $826 billion. This fluctuation warrants close attention as it signals potential shifts in the overall crypto market dynamics and the future pathway of altcoins.

As it stands, Bitcoin’s critical support level resides between $81,000 and $82,000, positioned in the mid-range of its current upward trend. To effectively terminate the ongoing downward correction, Bitcoin must surpass and maintain stability above the crucial threshold of $90,290. This pivot point is essential for market participants to watch closely, as it could herald a new phase for the leading cryptocurrency in the evolving landscape of digital assets..

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