Bitcoin's price increased by 2.9% but was outperformed by altcoins like XRP, Ethereum, and Dogecoin, which saw gains of over 4%. Wall Street's crypto darlings, including Coinbase and MicroStrategy, also experienced positive growth. Investors are betting on the longevity of the bull market and are attracted to altcoins, possibly due to expectations of a crypto-friendly environment under the upcoming presidency of Donald Trump. Bitcoin's Adjusted SOPR and Miner Position Index suggest a potential rebound, but traders are cautious. Transaction activity is cooling, with network fees and funding rates decreasing. Overall, the market is taking a breather after a strong run.



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