Despite $BTC dominance surge, $ETH is not falling behind after breaking through toward $1,800 price level
dominance rises, altcoins usually suffer, but when the dominance falls, it is often a sign of the start of an"altcoin season," where alternative cryptocurrencies see a significant surge in price.
The renewed dominance of Bitcoin comes at a crucial time when the crypto market is seeing considerable volatility. While many attribute this to a variety of factors, including regulatory news and macroeconomic indicators, the underlying factor appears to be ongoing faith in Bitcoin's value proposition.The XRP cryptocurrency has recently formed a popular pattern on its price chart.
The spinning top pattern is a notable occurrence in technical analysis, known for its potential to precede a change in the asset's price direction. The pattern takes its name from its resemblance to a child's toy and occurs when the upper and lower shadows of a candlestick are long while the body is small. This pattern indicates a state of indecisiveness on the market, with neither buyers nor sellers gaining the upper hand.
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