Matrixport reports Bitcoin dominance at 61.2% as a shift in market focus returns to BTC, hinting at a fleeting altcoin rally that climbed merely from November to early December. As altcoins prove more sensitive to economic climates, traders are turning back to Bitcoin.
Following the Federal Reserve’s decision to maintain steady interest rates, Bitcoin’s price fluctuated around 82,750 USD, down 20% post-announcement. Analysts suggest that forthcoming interest rate decisions will be crucial in determining the next phase of Bitcoin’s performance.
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