The market capitalization of Bitcoin still accounts for a relatively high proportion, which may indicate some room for a pullback. This also means that altcoins are expected to have opportunities for a rebound. When Bitcoin's market cap declines, the market cap of altcoins may potentially rise correspondingly.
In addition, key economic data and events for December are gradually being released, such as ADP, non-farm payroll data, CPI, and interest rate decisions, all of which may impact market trends.
Another important factor is whether Microsoft will consider Bitcoin as a reserve asset for the company, which has been a key topic earlier this month. If Microsoft decides to do so, it will undoubtedly strengthen the buying power in the market but may also increase market volatility. Overall, this bull market is a gradual process, moving from BTC to ETH, then to mainstream altcoins, and even including some established sub-mainstream coins (such as Ripple XRP). The market direction is still evolving.
