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After the recent rebound of Bitcoin to $29000, its dominant position has gained more support in the competitive currency market. According to the latest encryption Market data, after the valuation of the asset jumped by about 2% to about $560 billion in the past 24 hours, the dominant position of Bitcoin fell to about 60% on Wednesday

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Bitcoin has fallen significantly from its high of $31000 in April and briefly broke below the $25000 level last week. However, there are signs that this downward trend may have come to an end

Benjamin Cowen, a widely watched Cryptocurrency analyst, warned that Ethereum might adjust significantly because he believed that the leading counterfeit currency was ready to retest the long-term trend indicators before the new bull market.In the new strategy meeting, Cowen told his 785000 YouTube subscribers that since 2017, Ethereum has been supported by the logarithmic regression band of fair value

In the extreme turbulence of the Cryptocurrency industry, Bitcoin once again proved its flexibility and adaptability. The highest rated Cryptocurrency has broken through the US $26000 mark and entered what many analysts call the "acceleration zone"

I still remember a few years ago, when the domestic market was dominated by the American market, they cursed every day. Now, when the American market is dominated by the American market, the domestic market curses every day, and feng shui takes turns, not losing

The digital currency ecosystem has awakened with new growth potential.The expected positive economic data scheduled for release this week is to some extent enhancing market sentiment

Although the market value of Ethereum cannot exceed that of Bitcoin (BTC) at present, the number of original ETH held in the Ethereum blockchain will exceed the number of Ethereum held by crypto exchanges for the first time in the coming weeks. According to Nansen data analyzed by Blockworks, earlier this week, the number of ETHs held in the Ethereum blockchain was 22

Bitcoin (BTC) is the largest Cryptocurrency in the market and is expected to continue its bull market after consolidating its gains. However, on June 14th, just before the daily close, Bitcoin fell 3%, below $25000, reaching a low of $24700, which is its lowest price since mid March

The crypto market has started a new weekly trading cycle, hoping to remain bullish for the rest of the week. The cryptocurrency Bitcoin ended its weekly trading with a green candle, highlighting the possibility of a bullish outlook for the next week

Whether Bitcoin can rebound strongly will depend on the current level of market demand. In the past four weeks, whales holding over 1000BTC have been selling tokens

According to reports,Tom Lehman, the former CEO and co-founder of Genius.com, officially launched Ethereum inscription protocol Ethscripts on Saturday