Bitcoin Dominance May Soon Hit 60%: Here’s How the Altcoins May React!
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Bitcoin's price dropped to around $60,500, affecting altcoins, including Ethereum, which fell below $3000. This situation suggests a long-term recovery phase for the entire crypto market.
As Bitcoin's dominance approaches 60%, the influence on altcoins is notable, potentially reshaping current market dynamics. Altcoins are struggling to reclaim their levels, indicating broader market volatility.
The crypto community is closely monitoring these developments, anticipating significant shifts in market behavior and potential new investment opportunities.
Source: coinpedia.org ↗
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