Matrixport: Bitcoin's dominance reaches a new cyclical high, the altcoin season has not yet arrived
News on September 3rd, Matrixport released a chart report indicating that there are always opportunities for bull markets in the market. Although cryptocurrencies have experienced a typical summer downturn, Bitcoin's dominance has reached a new high in the cycle. This means that the altcoin season has not yet arrived, but it reflects the market's strong preference for Bitcoin. For the entire industry, Bitcoin remains a reliable pillar. Since digital currency was born 15 years ago, Bitcoin has proven its tenacious vitality. Whether it is a bear or bull market, this stability is always an anchoring force in the market, especially when trading volume remains strong.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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