Currently, Bitcoin is demonstrating bullish market sentiment with strong buying pressure. The Directional Movement Index indicates a prevailing uptrend, suggesting Bitcoin may overcome the resistance level around 107,048 USD, eyeing its all-time high.
In contrast, only 32% of the top 50 altcoins have managed to eclipse Bitcoin’s performance in recent months, underlining the current trend favoring Bitcoin over altcoins as the total cryptocurrency market capitalization declines.
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