ChainCatcher news, according to Cointelegraph, after U.S. Senator Lummis proposed that the U.S. government acquire 5% of the Bitcoin supply, Collective Shift founder and CEO Ben Simpson analyzed that if the strategic Bitcoin reserve is approved, the market is expected to become unstable, Bitcoin will rise, and then may fall back.
Regarding the current market situation, Ben Simpson believes that Bitcoin's dominance (an indicator measuring the proportion of Bitcoin in the total value of the cryptocurrency market) will 'start to decline,' and as Bitcoin begins to consolidate around $100,000 and altcoins start to 'rise,' the trend of the market 'rotating' to altcoins has actually begun, but it should not directly enter the so-called altcoin season.
