QCP Capital analysis pointed out that the cryptocurrency market experienced a slight decline yesterday due to the liquidation of over $100 million in BTC and ETH positions, but both remain above key support levels. The market expects BTC to consolidate sideways before December, with capital gradually flowing into ETH and other altcoins, causing BTC's market dominance to drop from 62% to 59%. It is worth noting that MicroStrategy founder Michael Saylor hinted at further increasing his BTC holdings, and the market is generally focused on whether he can help push BTC to break through the $100,000 mark.
Bitcoin hits $100,000 resistance, market focus shifts to Ethereum and other Altcoin
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