We find a lot of information on social media about news related to Bitcoin and other cryptocurrencies, from announcements by U.S. politicians that threaten cryptocurrencies, news about inflation in the U.S. and interest rates to detailed trend analyses on changes from bearish to bullish trends.
I am not an expert in cryptocurrencies, but I see that $BTC continues to lead the market capitalization with $1.61 trillion compared to $ETH in second place with just over $230 million, which at first glance is a staggering difference. If we look at the other indicators, even though transactions are getting shorter each day, the market dominance still reflects that clearly $BTC is a monster.
We should also not lose sight of other coins that are gaining importance like XRP, SOL, and ADA.
I believe that despite the headwinds, it is a good time to keep investing in Bitcoin, with caution; we do not know if the bullish trend is about to happen, however, one thing I can tell you is that at some point it will have to happen, since all those $1.61 trillion cannot just disappear out of nowhere and be withdrawn from the market so easily, which is why we see that Bitcoin will remain for much longer, it is my humble opinion. Thank you.