Analyst: Bitcoin needs to account for more than 70% of the market value to start a new round of "copycat season""
According to online reports, according to crypto analyst Rekt Capital, Bitcoin's market capitalization ratio (BTC Dominance) needs to exceed 70% to usher in a new round of counterfeiting season. At present, Bitcoin's market value has risen to 64.3%, and then fell back to 61%, but the overall trend is still rising. Analysts pointed out that the copycat season at the end of 2024 has ended. Bitcoin has begun to recover after falling below 55% in December last year and has now risen by 6%. Historical data shows that 71% is the key point for Bitcoin's market value. If BTC.D encounters obstacles at this level, the market may usher in a new round of altcoin market.
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