The recent mobility in crypto money markets has brought forward the market domination of Bitcoin (BTC). According to Matrixport’s daily graph on March 12, Bitcoin’s market domination reached the new summit of this cycle and exceeded the previous summit. This development clearly demonstrates that the recovery in the Altcoin market is extremely short -lived. This rise of Bitcoin’s market -dominated rise shows that investors tend to turn to safer ports by avoiding risky assets.
Bitcoin dominates the markets again: Did the Altcoin rally find the last?
The last movement in the market was based on a one -month rally, which began in November when former US President Donald Trump came to the fore for the presidential elections and suddenly ended in early December. In this process, a significant revival was observed in the Altcoin market, while Bitcoin also experienced a certain rise. However, the US employment data, which is stronger than expected, rapidly distributed the market attention. This unexpected strength in the labor market caused investors to increase inflation concerns and led to a more hawk attitude of the US Federal Reserve (FED). As a result, the pressure on risky assets increased and the mobility in the Altcoin market ended in a short time.
Experienced investors began to return to Bitcoin from subcoins. Although the price of Bitcoin has a certain decline, it continues to take a much stronger stance than its general market performance. The current market expectation is that Bitcoin can maintain the acceleration of the rise with the increase in liquidity. However, in the current environment where the US Federal Reserve does not change the hawk attitude, more patience may be required for the next upward movement of Bitcoin. Investors closely follow the possible changes in the Central Bank’s interest policies. If the Fed keeps interest rates higher than expected, the rise of Bitcoin may be even more delayed. In contrast, if a signal comes to interest rate cut, the market can be revived rapidly.
What will we watch in the coming period?
These recent developments are interpreted as an important signal that the volatility in the Altcoin markets may continue, while confirming Bitcoin’s leadership in the market. This increase under Bitcoin’s domination also reveals how investor psychology is shaped. Investors prefer Bitcoin as a safe port in periods of uncertainty in the markets. In the coming period, how to shape macroeconomic factors will be decisive in terms of the direction of crypto markets. Especially, Kriptokon.comAs we have reported, the new economic data to be announced in the US and the explanations at the FED’s future meetings are among the critical developments that may affect the course of Bitcoin.
