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Burniske's tweet signifies that while the market is at the beginning of a robust phase, it is unrealistic to expect the momentum to remain at this peak. Historically, markets, whether crypto or traditional, have their ups and downs. Periods of rapid growth are often followed by cooling off phases where the market consolidates before deciding its next direction.
However, a second opinion on Burniske's thesis might argue that while BTC and ETH have proven their resilience and market appeal over time, it is premature to place newer entrants like SOL and TIA in the same bracket. These newer platforms, although promising, need to stand the tests of time, market volatility and regulatory challenges.
The crypto market chart further illustrates overall market sentiment. The market cap graph indicates sustained growth, hinting at bullish sentiment. However, the 24-hour volume graph showcases volatility with sharp peaks and troughs. The Bitcoin dominance chart reveals a steady share of BTC on the market, while the CMC Crypto Fear & Greed Index oscillates between"greed" and"neutral," indicating that while traders are optimistic, they remain cautious.
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