QCP Capital: Bitcoin dominance continues to rise, reaching a high of 59.75% this week

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QCP Capital stated that the dominance of BTC continued to rise, reaching a high of 59.75% this week. In contrast, ETHBTC broke through its key support level of 0.03850, falling 5.85% to a new low of 0.03625. As BTC approaches its ATH level, the upward trend in BTC dominance may continue in the short term. As the week draws to a close, the focus is now on the non-farm payroll data to be released next Friday, which will provide more insight into the Federal Reserve's next move. The current probability of a 25-basis-point rate cut in November is 95.1%, and the market does not expect any major surprises.

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