Bitcoin breaks through $90,000, alts market potential yet to be released

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Bitcoin breaks through the $90,000 mark, alts market is worth looking forward to

Recently, Bitcoin has once again reached the $90,000 mark, mainly driven by two factors. First, there are signs of easing in the tariff dispute, with a senior official indicating that the current situation is unsustainable and is expected to improve soon. Second, a high-level individual has pressured the central bank to lower interest rates, causing a shake in market confidence in the dollar. However, this high-level individual later clarified that there are no plans to dismiss the central bank governor, but rather hopes for a more proactive stance on the interest rate issue.

The recent rise of Bitcoin reflects both its safe-haven property and the benefits of liquidity overflow. Over the past seven days, it has increased by 12%. It is worth noting that during this round of increases, alts have lagged behind, and Bitcoin's market share has reached a four-year high of 64.2%.

Bitcoin returns to 94,000, which alts are worth ambushing?

Although the overall alts have not kept up, there are still some that outperform Bitcoin. By observing these strong coins, one can gain insight into funding preferences and provide references for future layouts.

After screening, the recent outstanding tracks mainly include:

  1. AI: Although the initial bubble has burst, the sector still has development potential. After valuations return to a reasonable range, high-quality projects are expected to stand out in future markets.

  2. L1 Public Chain: As an ecological infrastructure, a high-quality public chain remains a solid choice. The market favors projects that can truly enhance performance and improve the development experience, rather than simple copies.

  3. Meme tokens: As a carrier of consensus and culture, they have become an undeniable presence. Leading meme coins can even be seen as leveraged public chain coins.

  4. DeFi: With real business models and cash flows, leading projects have network effects and token buyback mechanisms, and are expected to benefit when the market warms up.

It is crucial to pay attention to the changes in Bitcoin's market share. Currently, Bitcoin is experiencing a strong upward trend, but its market share has only slightly decreased, indicating that funds are still relatively concentrated. If the market share significantly declines in the future, such as falling to around 57%, it will signal a spread of funds into the altcoin market, and a rotation market may fully unfold.

Overall, the continued strength of Bitcoin is not enough to drive the entire market. A true altcoin season requires an increase in risk appetite, with funds flowing from Bitcoin to other thematic tracks. Investors should closely monitor market trends and prepare for potential upcoming opportunities.

Bitcoin returns to 94,000, which alts are worth ambushing?

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ForkThisDAOvip
· 4m ago
Can't wait to All in on alts.
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GateUser-bd883c58vip
· 8h ago
play people for suckers
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CrossChainBreathervip
· 9h ago
The crypto world is crazy again with this rise.
View OriginalReply0
PretendingToReadDocsvip
· 9h ago
Altcoin is a dead end, just look at Lao Wang.
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SelfSovereignStevevip
· 9h ago
It has started again, altcoins digging pits waiting to catch a falling knife.
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LiquidityNinjavip
· 9h ago
Altcoin hasn't run yet, everyone is waiting for you to play people for suckers.
View OriginalReply0
HappyToBeDumpedvip
· 9h ago
Suckers are about to drink beer.
View OriginalReply0
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