Currently, Bitcoin's market share has reached 61%. If according to the data from the last bull market, once the market share breaks 67%, altcoins will start to collectively explode. Therefore, barring any surprises, we are likely to see this situation around December.

Currently, after Bitcoin's price breaks a new high and slightly adjusts, altcoins start to fall, and this market state is a bit painful. Wall Street funds only buy Bitcoin, and American retail investors only focus on some on-chain meme coins, while mid-tier altcoins are temporarily forgotten by the market.
Trends of altcoins:

Whether Bitcoin reaching $100,000 will trigger a collapse in altcoins depends on multiple factors and cannot be generalized. Here are some possible scenarios and logical analyses:

1. Strengthening of Bitcoin's dominance and capital concentration effect: The rapid rise in Bitcoin's price may attract market funds, leading to the sell-off of other cryptocurrencies (especially low market cap altcoins), causing significant price drops.
2. Confidence transfer: Many investors may feel that altcoins carry higher risks and choose to concentrate their funds in relatively 'safe' assets like Bitcoin, further driving down the prices of altcoins.

Justin Sun, founder of TRON, recently bought the conceptual work (Comedian) by Italian artist Maurizio Cattelan for $6.2 million. The banana taped to the wall continues to be discussed in the community.
Today, TRON founder Justin Sun posted a message saying that he bought the iconic work (Comedian) by Italian artist Maurizio Cattelan for US$6.2 million (NT$201 million).
Although this work is very simple, just a banana taped to the wall, it has become an important page in the history of modern art because of its unique interpretation of artistic concepts and the huge sensation it caused. Sun Yuchen said:

The current situation is very clear, the bull market has already started, and there is basically no doubt about it. It can be said with certainty that we are still only in the first phase of the bull market.
Next, the second phase that is about to commence is crucial, as it is the period with the highest profit efficiency in the entire bull market. If the timing is not grasped well, it is very likely to miss the best opportunity of this market wave.
First, let's briefly talk about the characteristics of the first phase: mainly led by BTC, with only a few sectors performing well, while most altcoins actually perform moderately. The underlying logic has been mentioned before; here is a simple summary:

The market share of Bitcoin surged to 61.61%, reaching a new high since March 2021, indicating that Bitcoin is rising on its own. This article compiles historical data to reveal that when BTC.D drops below 50% and further declines to the 40% level, it may be the best time to capture the explosive growth of altcoins. However, could the meme season become a new altcoin season in this cycle?
Bitcoin strongly broke through $97,000 today at noon, reaching a new historical high of $97,662 just before the deadline, with a nearly 24-hour surge of 5.58%.
In this context, TradingView data shows that Bitcoin's market share (BTC.D) soared to 61.61%, reaching a new high since March 2021. There is still momentum to continue climbing before the deadline, indicating that the cryptocurrency market is currently dominated by Bitcoin's rise.

On Thursday (November 21), Bitcoin remained strong above $94,000 after hitting a record high of $94,964. The team of President-elect Donald Trump is reportedly considering setting up a "crypto czar" position in the White House, and the person in charge will have direct contact with the president. Billionaire Elon Musk announced new policies for the U.S. Department of Efficiency (D.O.G.E.), which he leads, and launched a weekly podcast to report on the country's cost reduction status.

US media: Trump team considers setting up a "crypto czar"
Bloomberg cited people familiar with the matter as saying it was unclear whether a senior White House staff position or "crypto czar" - a Washington term for someone who oversees federal government policy and regulation - would be created. They said crypto industry advocates are pushing for the position to be in direct contact with Trump.

Bitcoin breaks through $94,000, setting a new high

The price of Bitcoin has risen by 37.89% in one month and an astonishing 151.06% in one year. As of November 19, 2024, the fund management scale of Blackrock's Bitcoin ETF has exceeded US$43.985 billion, making it one of the fastest growing ETFs in financial history. As time goes by, perhaps the "one of" should be removed.

Some basic facts you need to know about Bitcoin
1. Bitcoin is the first
Bitcoin is the world’s first decentralized digital currency. While that sounds grandiose, it’s worth remembering that the iPhone came before it. The cryptocurrency launched in early 2009, while the first iPhone was available in mid-2007.

Overnight, Bitcoin broke the historical high, reaching 93.9k.

Since Trump won the election on November 5, the largest digital asset has risen by about 40%. Trump's campaign agenda includes making the United States the world's cryptocurrency capital.
It is worth noting that the Bitcoin concept stock MicroStrategy saw its stock price rise by 11.89%, with a transaction volume of 20.94 billion USD. As of Tuesday's close, the stock has risen for three consecutive trading days, with a cumulative increase of over 30% over the three days. Nearly 25 years after the bubble burst, MicroStrategy has finally welcomed a turning point, reaching a new historical high.

On the 19th, Bitcoin hit a new all-time high, reaching $93,844, with more than a 3% increase in 24 hours. For the past ten days, Bitcoin has been fluctuating sideways, and based solely on Bitcoin's K-line chart, it is still difficult to see a significant downward trend.

Two possible predictions: 1. Before November 28, there may be another surge to a new high of 95,850, followed by a pullback. If it reaches a high before November 28, altcoins will also make a slight upward move, so be cautious about reducing positions. 2. A pullback before November 30, dropping below 86,000, is quite likely. If it pulls back to this level, it can be seen as a short-term buying opportunity for altcoins. Personally, I think it's difficult for it to drop very low because of the new situation with stablecoins, regulatory aspects after Trump's presidency, and overall market sentiment, making it hard to fall significantly. Therefore, a short-term pullback of a few thousand points is a good time to position; if it reaches a new high, reduce positions, while keeping a solid base. Of course, if you dislike short-term trading, you may consider reducing positions and waiting for the next best entry point.

Three years ago, you entered Ethereum with more than 4,000 U
Then uninstalled the exchange
Work hard and live seriously
You believe in the future of crypto
I heard people say that Bitcoin has reached over 90,000 these days.
I heard that Ethereum is going crazy again
I can't stop my tears from flowing. You're finally back.
The exchange was opened under the watchful eyes of the whole family
Looking at more than 3,000 Ethereum, I suddenly feel a little overwhelmed

Why is this happening? Why can’t Ethereum be hardened?
In fact, from the perspective of currency price, Ethereum, which is already priced in Bitcoin, is steadily maintaining a downward trend:

Anyway, there are many different opinions, so what exactly happened to Ethereum?

Crypto market sentiment has entered a period of extreme greed!
The Fear and Greed Index soared to 90 this week, reaching a state of extreme greed.
Looking back over the past few years, there have been three occasions when the figure reached 90 or higher:
The first was at the end of June 2019; the second was from the end of October 2020 to the beginning of February 2021; the third was at the beginning of March 2024. Among them, the first and third times soared to 90 and then quickly turned downward, and the market also reversed rapidly.
Only from October 2020 to the first quarter of 2021, the Fear and Greed Index was in an extremely greedy state of over 90 for more than ten weeks, and the greed index reached a maximum of 95.

What has happened to Ethereum? Why is this round of cycles completely unable to keep pace with Bitcoin?

Is Ethereum really showing signs of decline? Is it difficult to replicate its former glory?
Will a new round of paradigm innovation in the Crypto industry still occur within the Ethereum ecosystem?
This article will take you back to the origin of the Crypto industry - Bitcoin, to reflect on Ethereum and the entire industry, and to explore where the path for the Crypto industry to regain vitality might lie.

1. Escaping Ethereum Inertia
First of all, no one can completely deny Ethereum!
Ethereum has its value and pioneering significance; smart contracts have indeed opened a new chapter for the entire crypto industry. At least before the birth of Ethereum, most projects in the crypto industry were just poor imitations of Bitcoin. They simply modified a few parameters of the Bitcoin code to create larger block Bitcoin, faster Bitcoin, privacy-focused Bitcoin, and so on. Essentially, they were just simplistic knockoffs of Bitcoin, and the concept of altcoins basically encapsulated all Crypto projects before the birth of Ethereum.

MicroStrategy founder Michael Saylor, after announcing last week that MicroStrategy had increased its holdings by 27,200 Bitcoins, stated yesterday (18th) that MicroStrategy used $4.6 billion in funds to buy an additional 51,780 Bitcoins at an average price of $88,627!
Bitcoin dipped to a low of $89,375 around 10 PM last night, then initiated a rebound, reaching a high of $92,644 around midnight. However, selling pressure emerged, causing Bitcoin to oscillate between $90,000 and $92,000, continually washing out positions.
As of the time of writing, BTC is reported at $90,989, reflecting a 0.57% increase in the last 24 hours.

Dogecoin (DOGE) is the world's largest meme token, and after consolidating for nearly a week, a significant upward rebound is expected. With DOGE's price movement and on-chain indicators supporting its bullish outlook, whales or institutions tend to accumulate funds within this sideways price range.
Whale activity: Large transactions increase by 42%
Recently, data from on-chain analysis firm IntoTheBlock has attracted significant attention from cryptocurrency enthusiasts. The firm stated that the large transaction volume for DOGE has surged by 42%, indicating that whales and institutions have conducted a large number of trades in the past 24 hours.

It's Monday again, and the market can be said to be very good. The mid-term trend remains optimistic; be patient. Every pullback of Bitcoin is a buildup of strength, and it's time to focus on the tokens we are optimistic about!
The weekly close in the morning shows a not-so-long upper shadow, indicating limited selling pressure above. After two consecutive weeks of strong bullish performance, there is a demand for a pullback to build strength. For those looking to buy altcoins at low positions, continue to watch for retracement opportunities around 87,000 - 86,000. Rising is not instant, but pullbacks often come more quickly, especially in a bull market which can have sharp drops, so during the upcoming pullbacks, do not panic.

In the last week or two, XRP's price has surged significantly. Why? There’s big news: Gensler has issued a public letter hinting that he may resign from the SEC soon. Since Donald Trump won the U.S. presidential election last week, rumors about Gensler's resignation have circulated in the market. Trump has publicly stated that he would fire Gensler once he is back in office, which has intensified the market's expectations for Gensler's departure.

For XRP, this potential change is undoubtedly a key factor in its explosive rise. Ripple has been in a legal battle with the SEC for nearly four years, and it can be said that they have been in opposition since Gensler took office. Gensler's resignation could not only benefit Ripple but also have profound implications for actions taken against other cryptocurrency companies during his tenure. If Gensler's successor adopts a more lenient policy towards the cryptocurrency industry, the market outlook for XRP could greatly improve, undoubtedly providing strong upward momentum for XRP's price. It feels like XRP is currently trying to break through two tough barriers. The first is $1.11, which it has reached before; the second is $1.26, which was also a previous closing high. However, XRP has hit a wall at $1.26, and it has become a tough nut to crack.

On Sunday (November 17), Bitcoin continued to hover above $90,000. This week's strong performance significantly outperformed gold. Billionaire Elon Musk entered the cabinet to lead the US government's efficiency department, and the "Trump Trade" fermented again. Federal Reserve Chairman Powell said he was not in a hurry to cut interest rates, and supported by the US Consumer Price Index (CPI) and retail sales data, the strong dollar closed at 106.71, suppressing precious metal buying.

CPI, retail sales support the "Trump deal", and the US dollar and Bitcoin are the big winners
On Wednesday, the U.S. released its “core” consumer price index (CPI), which strips out volatile costs such as food and energy, showing prices rose 3.3% in October for the third straight month. Then Thursday’s “core” producer price index (PPI) showed prices rose 3.1% in October, up from 2.8% the previous month and beating economists’ expectations of 3%.

According to the latest report from Reuters, two Democratic senators recently called on law enforcement agencies to investigate Musk, the founder of Tesla and SpaceX, because he had multiple calls with Russian officials. However, the report also pointed out that as Trump prepares to return to the White House, the above senators' call for a federal investigation is likely to be in vain.
At this critical moment, Musk's SpaceX and artificial intelligence company xAI both have big news. Foreign media reported that SpaceX is in preliminary discussions to sell shares to insiders, which could value the company at about $255 billion. In addition, xAI is raising up to $6 billion at a valuation of $50 billion.

After Bitcoin stabilized at 89700 at night, it directly touched the first pressure level. It has now stabilized at the 4-hour level bullish position, indicating that this 4-hour level correction is over. The next step is to see if it can break through the previous high position. If it cannot break through the daily level, it will continue to fluctuate sideways at a high level!
Pay attention to the position of 90890 today. As long as the 1-hour level does not fall below this position, the market will continue to rise. Pay attention to the upper pressure level near 91930-93400!
If the 1-hour level falls below the support level of 90890 today, the 1-hour level will start to pull back, and the support level below should be around 90090-89430-88465! (As long as the 4-hour level does not fall below 89430, the small level will still go up)

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