Bitcoin has experienced a decline in its value due to recent events, while altcoins remain unpopular among cryptocurrency investors. This trend can be attributed to the emergence of new regulations that are causing investors to shy away from altcoins, thereby elevating Bitcoin's market dominance, which currently stands at approximately 50%.
Analysts and crypto enthusiasts are closely monitoring Bitcoin's price movement, with a focus on a price point above $25,000, which could signal an upward trend. Such a development is likely to generate more interest in the wider cryptocurrency market, prompting more buying of altcoins.
