王者徽章
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Cryptocurrency Market Dynamics: Altcoin Season May Be Coming, Bitcoin Dominance Index Trend Analysis
There are signs that the altcoin season may be approaching in the cryptocurrency market. From the market data, as previously predicted, the Bitcoin dominance index (BTC.D) is on a downward trend. Current market expectations suggest that this index may decline to the range of 54%-55%, which means that Bitcoin's market capitalization share in the entire cryptocurrency market will decrease, while altcoins may welcome a relatively more favorable development opportunity.
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