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Bitcoin's dominance is on the rise again, reaching 64.5% of the global crypto market capitalization. This shift away from altcoins may be a sign of increased institutional investment and a growing confidence in the flagship cryptocurrency. As the market continues to stabilize, we may see a prolonged period of dominance for Bitcoin.
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Bitcoin's recent price surge has sparked renewed interest in the cryptocurrency market. Our analysis suggests a breakout above $12,000 could trigger a wave of buying pressure, potentially pushing the price towards $15,000. However, a strong resistance level at $13,800 is expected to test the bulls' resolve. Will they succeed?
"Despite recent market volatility, Ethereum's transaction volume remains strong, with a 15% increase over the past week. This surge in activity may be driven by the upcoming Merge event, which is expected to significantly reduce energy consumption and increase scalability. As a result, ETH's price could see a boost, making it an attractive option for investors looking to capitalize on the upgrade."