Altcoin performance has beenunderwhelming with notable exceptions as BTC dominance remains above 50%. Altcoins' low interest could suggest the last phase of a bear market cycle. Bitcoin's breakthrough at the $32k level is also pivotal to trigger a move to $40k, according to analysts. truggling to gain momentum, some analysts believe that this might be the leg of the bear cycle if history repeats.
$SOL , $BSV , and $INJ are a few notables growing in market cap, while $BTC continues its rising ratio of market cap vs. the field. pic.twitter.com/K0GJuyAedF — Santiment October 19, 2023 The last leg of bear market The ongoing subdued interest in altcoins may suggest that the cryptocurrency market is entering the final phase of a bear cycle.
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