The Crypto Market Heatmap

Today is not a good day in the crypto market and why I'm saying this you can see on the snapshot that I have shared below. Almost the entire market is in red colour excluding some of these stablecoins and other coins in green and that too is not a very big percentage even if I talk about Bitcoin and Ethereum then the price is pretty much down the Ethereum price is less than twenty-five hundred U S dollars.

The Bitcoin price has gone below 105K US dollars and currently, it is trading around 104K US dollars with the market dominance of slightly more than 63% or maybe we can say that pretty much close to 64%. There is no good price movement on the altcoins and because of that people are still doubting if the alt cycle has already started or not but looking at the current market scenario it seems not because we have not seen any great momentum for aaltcoinstill now.

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We have certainly seen a significant movement in the price of Bitcoin but that is not all because Bitcoin alone does not exist in the market and there are so many other coins that also have their presence however we can't deny the fact that Bitcoin has higher dominance in the market but at the same time some other coins are also doing great.

Now the pound of Altcoin has grown a lot so it is obvious that not all the coins are going to be going up in terms of price appreciation but considering this situation it is also difficult to say which coin is going to pump and when and out cycle is going to affect the price of those coins positively.

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