Coin-Turk 17 minutes ago
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Economist Henrik Zeberg highlights a sudden rise in altcoins within the cryptocurrency market while macroeconomic conditions worsen. In a statement on social media platform X, he noted that altcoins are beginning to outpace Bitcoin 
$97,147.
Understanding the BTC Dominance Index
Zeberg explains that the BTC Dominance Index (BTC.D) indicates the proportion of Bitcoin in the total market capitalization. At the time of writing, BTC.D stands at 57.65%, measuring Bitcoin’s dominance over all crypto assets.
Using Elliott Wave Theory, Zeberg expresses an expectation of a significant surge in altcoins. According to this theory, an asset can experience a five-wave upward trend, with the third wave being the longest and most powerful movement.
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