Bitcoin's dominance in the cryptocurrency market has risen to nearly 60%, nearing a four-year high. Despite trading sideways, Bitcoin has remained resilient in the face of recent macroeconomic data. QCP Capital's market outlook suggests that traders and institutional investors in the crypto options market are hesitant to take new positions until concrete policy changes occur. Bitcoin's dominance reflects its status as the preferred asset during times of market uncertainty, while altcoins have struggled to gain traction. With investors awaiting regulatory clarity, the market is in a holding pattern, anticipating government actions that will provide a clear direction for cryptocurrencies in the future.



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