The cryptocurrency market is experiencing a major rally, with Bitcoin reaching a new all-time high of
111,861∗∗.The total market cap has risento
111,861∗∗.The total market cap has risento 3.51 trillion, up 3.56% in 24 hours, while trading volume jumped 62% to $192.3 billion, showing strong investor interest.
Bitcoin’s dominance remains at 63%, but if it slows, altcoins could see big gains. Analysts predict some may surge 200% or more in the coming weeks.
Why Traders Are Watching:
A sustained drop below 63% could confirm the pattern and trigger:
→ Capital rotation into Ethereum, Solana, and layer-2 altcoins
→ Increased volatility in meme coins (DOGE, SHIB)
→ Broader crypto market cap expansion beyond Bitcoin
Technical Perspective:
The rising wedge (typically a top formation) suggests:
Current Market Snapshot:
1️⃣ Early Signal: BTC dominance drops below 61.94%
2️⃣ Confirmation: Sustained break under 60.24% dominance
3️⃣ Ideal BTC Behavior: Sideways/upward price action (avoids market-wide panic)
There are no reviews yet. Be the first one to write one.