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Analysis: NFT Rebound Indicates Traders Exiting Bitcoin Cycle and Exploring Speculative Activities in Crypto Market
Summary: According to reports, the total market value of NFTs has now exceeded $6.3 billion, nearly doubling from less than $3.2 billion just under a month ago. At the same time, Bitcoin's market dominance has dropped by 6.6% to around 61%. Market analysis suggests that the return of NFTs signals traders are exiting the Bitcoin cycle ...
According to reports, the total market value of NFTs has now exceeded $6.3 billion, nearly doubling from less than $3.2 billion just under a month ago. At the same time, Bitcoin's market dominance has dropped by 6.6% to around 61%. Market analysis suggests that the return of NFTs signals traders are exiting the Bitcoin cycle and re-exploring speculative activities in the crypto market. This indicates that once Bitcoin consolidates and investors begin shifting capital to high-risk assets, the trend of altcoins becoming more aggressive is often observed. (DL News)
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Link: Analysis: NFT Rebound Indicates Traders Exiting Bitcoin Cycle and Exploring Speculative Activities in Crypto Market [Copy]
