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Bitcoin's market share has reached a record high of 61%, while altcoins have faced a significant price drop.
In the past, Bitcoin's price increase typically drove Ethereum's rise, and after Ethereum's increase, it would lead to altcoins rising. However, current investments in Ethereum and altcoins should be approached with caution, and short selling needs to be done carefully.
Ethereum seems to be showing a formation that attracts short selling, which has led to a rebound in altcoin prices. It has been relatively comfortable to go long at lower levels these days, and in the future, one can continue to go long in the 3060-3030 range, with a stop loss set at 3000.
The three cryptocurrencies Neiro, Pnut, and Act have already bottomed out and can gradually build a base position through spot trading.
Several cryptocurrency spot ETFs are currently under application, with the Dogecoin ETF expected to submit its application by December 31.
Nvidia expects its revenue for the fourth fiscal quarter to reach $37.5 billion, slightly above market expectations; however, after the positive news was released, the stock price dropped 5% at the opening.
Folki has just been listed on Coinbase, and its price has skyrocketed.
Sun Ge purchased bananas at the auction site, which directly caused the collapse of that cryptocurrency.