Analyst: Altcoin market resilience signals “potential regime change”
Analysts point out that the resilience of the altcoin market indicates a "potential regime change," which means that the mindset of cryptocurrency investors is changing. In an uncertain market environment, investors may no longer see Bitcoin as the only safe haven.
Bitfinex analysts mentioned in a report on September 9 that despite the decline in Bitcoin's price, altcoins are still performing strongly. This shift shows that investors are exploring the value of altcoins, which is very different from the traditional pattern of flocking to Bitcoin during economic downturns.
Currently, Bitcoin dominance has fallen to 57.33%, while the market value of cryptocurrencies outside the top ten has risen by 4.4%. Traders generally focus on the peak of Bitcoin dominance as an important signal to turn to altcoins. In addition, the decline in the number of open contracts also reflects the change in market sentiment.
As market dynamics develop, we invite you to share your views on current cryptocurrency trends and future developments. Please leave your insights in the comment section!
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