Bitcoin has surged past the $100,000 threshold, marking a significant milestone. However, despite this impressive increase, the overall market sentiment continues to be subdued. While investors anticipated an energetic rally, many remain cautious. Analysts suggest there are crucial market variables contributing to the current lack of enthusiasm.
Although Bitcoin has made substantial gains, altcoins have not followed suit, struggling to rally which further attributes to the uncertain market feelings. Reasons behind the tempered enthusiasm include broader economic uncertainties and previous experience of volatile trends in cryptocurrency valuations.
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