"Virtual Asset Market Cap Breaks Upper Resistance... Bitcoin-Led Rally, Altcoin Rotation Anticipation"
Minseung Kang
Summary
- It was reported that the market capitalization of virtual assets has broken through the upper resistance.
- This rise was led by Bitcoin, and Bitcoin dominance is approaching the cycle peak.
- Anticipation for an altcoin rotation is growing in the market.
An analysis has emerged that the market capitalization of virtual assets (cryptocurrencies) has broken through the upper resistance.
On the 22nd, virtual asset trader Daan Crypto Trades stated on X (formerly Twitter), "The market has gone through several mixed phases, but the total cryptocurrency market capitalization (TOTAL) has eventually broken through the upper resistance."
He reported, "This rise was mostly led by Bitcoin, and altcoins have not been able to follow the trend," adding, "Bitcoin dominance is approaching the cycle peak again."
Meanwhile, in the market, as the Bitcoin-led rally approaches its peak, anticipation for an altcoin rotation is also growing.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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