Bitcoin races to 103,000! But becomes the 'downward switch' for altcoins

Bitcoin has recently become the center of attention, with its price soaring and easily breaking the 100,000 mark, reaching a high of 103,000 US dollars, like a 'crypto feast'. However, the story always has a twist; shortly after its rise, Bitcoin 'stalled', and the price dropped below 102,000. Nevertheless, despite a slight pullback, Bitcoin's market capitalization still firmly stands above 2 trillion dollars, and its dominance is steadily rising, making many altcoins tremble.

The return of the BTC king, while altcoins become mere runners

Bitcoin's strength has caused a 'bloodbath' among altcoins in the market. Ethereum and Ripple each fell by about 2%, awkwardly stuck at 3,900 dollars and 2.4 dollars respectively. Looking at ADA, DOGE, BNB, and SOL, these familiar faces dropped by 5% in just one day, not to mention 'weaker' coins like Tron, Avalanche, and Polkadot, which saw maximum declines of up to 8%. The days for altcoins are truly 'hard to sustain'!

Crypto total market cap shrinks by 70 billion, can altcoins make a comeback?

As altcoins collectively decline, the total market cap of the crypto market has also dropped from 3.87 trillion dollars back below 3.8 trillion, evaporating 70 billion dollars in just one day. Bitcoin remains as stable as a mountain, while other coins are 'shivering in the cold winter'. Will the market continue to favor Bitcoin alone, or will altcoins collectively awaken? This show has just begun.

Want to seize the crypto market storm at the first moment? Follow the hunter, and don’t get lost!

#BTC重回关键位置后走势 #比特币战略储备 #回调周期，耐心蛰伏，屠龙刀短差程序，机会与风险并存，盈亏同源~ #BTC $BTC $ETH $SOL