Bitcoin's market share drops to 58%, analysts say: BTC's push to $100,000 is hindered; market funds may flow to Ethereum and other altcoins.

QCP Broadcast published a post indicating that although the cryptocurrency market experienced a pullback last weekend, Bitcoin and Ethereum are still above their key support levels. As Bitcoin struggles to break through the $100,000 mark and enters a phase of consolidation, market attention will shift to altcoins like Ethereum. (Background: Rich Dad predicts Bitcoin will hit $13 million! Supports Michael Saylor's prediction: MicroStrategy is correct) (Background information: Surge in safe-haven demand! Gold rose 6% in a week, returning to $2,712; how will this affect Bitcoin's market?) This morning (26th), Bitcoin fell to a low of $92,601 around 6 AM, dropping $6,000 overnight, marking the most significant decline in nearly three months. However, it is noteworthy that strong altcoins recently seem to show signs of resilience. Despite significant fluctuations, Ethereum has overall risen more than 3% in the last 24 hours. QCP Broadcast: Market focus shifts to altcoins like ETH. In this context, QCP Broadcast stated yesterday (25th) on its official Telegram channel that with Bitcoin's upward momentum temporarily halted, during the consolidation period, market attention may shift to Ethereum in the short term: Although prices pulled back over the weekend, long-term volatility remains relatively high. The market seems to expect Bitcoin to consolidate until December, shifting short-term focus to ETH. As we mentioned last week, if Bitcoin continues to struggle to break through the $100,000 mark, funds may flow from Bitcoin to Ethereum and other altcoins. Bitcoin's market share drops to 58.6%. According to Trading View data, Bitcoin's market share in the overall cryptocurrency market has fallen from a high of nearly 62% last Thursday to 58.6%. Based on past bull market experiences, when Bitcoin sets a new historical high and undergoes high-level consolidation, altcoins may indeed enter a phase of collective explosion, at which point Bitcoin's market share could further drop to 50% or lower. If you are an investor observing altcoins, you can continue to monitor or refer to this article) Is the altcoin season coming? In addition to BTC.D, there are three key indicators to help you judge. Related reports: Bitcoin. Real estate market gold cross) Real estate investors warn: Housing prices will fall for several years, cutting 4% each year.. BTC frenzy) Bitcoin-related stocks and ETFs saw daily trading volume soar past $70 billion, setting a new historical high. Trump's cryptocurrency advisory committee will assist in establishing a U.S. Bitcoin reserve. "Bitcoin's market share drops to 58%, analysts say: BTC's push to $100,000 is hindered; market funds may flow to Ethereum and other altcoins." This article was first published on BlockTempo (Block Tempo - the most influential blockchain news media).