Cryptocurrency market has seen a drastic decrease in its bullish sentiment over the past 24 hours. This came as investors shift from altcoins to Bitcoin, pushing its market dominance to a three-month high of 50.2%. Despite this shift, Bitcoin’s price has dropped by 0.65% over the past day, trading around $27,665 with a $539.8 market capitalization and 24 hour trading volume of approximately $12.1 billion. The sudden decrease in bullish sentiment has also caused a decrease in the crypto market’s global cap by 1.46%, with global trading volume increasing by 65%. Binance CEO Changpeng Zhao (CZ) predicted the Bitcoin price to reach new all-time highs in 2025, due to the highly anticipated halving event that will be going live in April 2024. Additionally, a BTC wallet containing almost 3,000 coins entered the market after nine years of inactivity, making transactions totaling $82.37 million. This indicates that whales are entering once again, hopefully increasing global crypto sentiment.



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