Why aren't many people happy when Bitcoin rises?
The price of Bitcoin has reached a new all-time high of 95k, however most investors have not found joy as most altcoins are declining in price. This has caused BTC dominance to rise to the highest level of this cycle at 61.3% and may continue to increase in the coming days.
But don't be too pessimistic, the market is still showing positive news to support long-term growth:
- Tether and Circle continue to mint more USDT, USDC
- Bitcoin ETF options are now trading
- Michael Saylor will meet with Microsoft to discuss Bitcoin investment
- Trump-supporting funds are opening strategic Bitcoin reserves
- MicroStrategy will raise funds to buy more BTC
- Crypto apps are climbing to the top of the App Store Leaderboard
Hard times create strong men! Are you still holding altcoins in the upcoming phase?
