Summary
- Matrixport analyzed that although Bitcoin's upward momentum may be slow, it is currently the safest investment method.
- The report stated there are no signs of an increase in altcoin market share, and investment demand is concentrated on spot trading of Bitcoin.
- It was reported that even if a price correction occurs, the fact that Bitcoin is the safest remains unchanged.
Although Bitcoin (BTC) may be rising slowly, it has been analyzed as currently the safest investment method.
On the 3rd (local time), Matrixport stated in a report, "We often hear that 'an altcoin rally is coming soon'," but also added, "Considering Bitcoin dominance, there are no signs that the market share of altcoins is rising." It continued, "Currently, retail investor activity and perpetual futures trading remain at minimum levels," and "Current market demand is focused on spot trading of Bitcoin." The report stated, "Bitcoin may see slow gains, but it is currently the safest investment method," and added, "Even if a price correction occurs, this remains unchanged."
As of 4:21 PM, according to the Binance USDT market, Bitcoin is trading at $105,288, down 0.07% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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