Degen

/degen The founders of Glassnode analytics company predict that Bitcoin will soon reach a new all-time high due to a possible decline in the US Dollar Index (DXY) following interest rate cuts and Federal Reserve decisions. They believe that the weakness of DXY reflects investors' preference for risky assets such as stocks and cryptocurrencies. Bitcoin is currently trading at $91,327, down 2% from its record high of $93,500. Analysts also noted the strength of the Ethereum market despite its decline against Bitcoin. After Bitcoin's recent rally, its dominance has increased, but Ethereum's market cap has only fallen slightly, indicating that there has not been a massive selloff. Currently, Bitcoin dominance is around 61%.

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