Bitcoin ($BTC ), the leading digital asset in the market, has fallen to a price level of $94,000 after a decline of 11.45% over the last seven days, while the dominance of the digital asset has also dropped to 56.2%, leading to a sharp rise in decentralized finance (DeFi) tokens and artificial intelligence (AI) based cryptocurrencies.
According to the weekly chart provided by TradingView below, trading volume for altcoins has significantly increased as the total market capitalization of cryptocurrencies, excluding Bitcoin and Ether, has risen to $959.64 billion. At the same time, the fear and greed index has fallen to 55 and is at a 'neutral' value.
The weekly relative strength index (RSI) shows a value of 63, indicating that bulls are still in control of the altcoin sector, while the MACD indicator is also bullish, with the MACD line (blue) remaining above the signal line (line). The MACD histogram is also significantly bullish.#BtcNewHolder #2025Outlook #2024
