Ethereum

Dollar

Major

Solana

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/can-bitcoin-maintain-its-market-leadership" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can Bitcoin Maintain Its Market Leadership?</a><br></p>
<p style="text-align: justify">In the realm of cryptocurrency, <a href="https://en.bitcoinhaber.net/bitcoin-analyst-predicts-price-surge-to-160000-by-2025" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) is eyeing the $70,000 threshold, while altcoins are facing challenges. Major altcoins such as Ethereum (ETH), <a href="https://en.bitcoinhaber.net/bnb-coin-hits-new-all-time-high" data-wpel-link="internal" rel="noopener noreferrer nofollow">BNB</a>, and <a href="https://en.bitcoinhaber.net/analysts-alert-investors-to-solana-risks" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL) have shown signs of recovery; however, analysts remain skeptical about any significant short-term gains. Experts suggest that a robust upward trajectory for altcoins may not materialize in the final quarter of this year.</p>
<h2 style="text-align: justify" id="strong-will-altcoins-rebound-soon-strong"><strong>Will Altcoins Rebound Soon?</strong></h2>
<p style="text-align: justify">Crypto analyst Benjamin Cowen highlights the diminishing strength of altcoins in comparison to Bitcoin. He links the dip in ALT/BTC pairings to lower net liquidity and a rising US Dollar Index (DXY). Cowen expresses doubts about a meaningful recovery for altcoins in the near term, predicting a continuation of this bearish trend possibly until 2025, alongside an increase in Bitcoin’s market dominance.</p>
<h2 style="text-align: justify" id="strong-what-s-driving-bitcoin-s-increasing-dominance-strong"><strong>What’s Driving Bitcoin’s Increasing Dominance?</strong></h2>
<p style="text-align: justify">As Bitcoin’s market sway intensifies, recent data confirms its growing popularity on social media platforms. With its price exceeding $68,000 for the first time since July, investor focus has shifted significantly from altcoins to Bitcoin. Interest in Bitcoin spot ETFs is also soaring, with U.S.-based funds amassing an impressive 950,000 BTC under management this week.</p>
<p style="text-align: justify">Key takeaways regarding the current market landscape include:</p>
<ul>
 <li>Bitcoin’s market dominance is projected to reach 60% by year-end.</li>
 <li>Altcoins face a challenging environment with limited upward momentum expected until 2025.</li>
 <li>The potential for regulatory improvements may arise with the upcoming U.S. presidential elections, influencing market dynamics.</li>
</ul>
<p style="text-align: justify">Investor sentiment remains cautious as Bitcoin’s leadership solidifies, while altcoins appear to be on hold. Experts advise patience for those invested in the altcoin market, as the outlook suggests a lengthy wait for significant rebounds.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/can-bitcoin-maintain-its-market-leadership" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can Bitcoin Maintain Its Market Leadership?</a></h5>

Can Bitcoin Maintain Its Market Leadership?

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