Analysis: The season of counterfeit coins may be about to begin
On December 2nd, Bitcoin has risen by 129% so far this year, mainly driven by the results of the 2024 US presidential election and the halving event in April 2024. Despite the rise in Bitcoin prices, its dominance is declining. On November 30th, 2024, Bitcoin's dominance fell to 56.1%. This indicates that Bitcoin investors are taking profits and rotating into altcoins; the altcoin season may be about to begin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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