Current Bitcoin's market capitalization ratio remains relatively high, indicating a certain potential for a pullback. This also means that altcoins are expected to welcome the opportunity for a rebound. When Bitcoin's market value declines, the market capitalization of altcoins may correspondingly rise.
In addition, key economic data and events for December are gradually being released, such as ADP, non-farm data, CPI, and interest rate decisions, all of which may impact market trends.
Another important factor is whether Microsoft will consider Bitcoin as the company's reserve asset, which was a key topic at the beginning of this month. If Microsoft decides to do so, it will undoubtedly enhance the market's buying power, but it may also increase market volatility. Overall, this bull market is a gradual process, progressing from BTC to ETH, then to mainstream altcoins, and even including some established sub-mainstream currencies (such as Ripple XRP), with the market direction still evolving.
