Matrixport: Bitcoin Dominance Recovery, Market Focus Shifts Back to Major Assets

BlockBeats News, October 8th, Matrixport released today's market analysis, 「Since Bitcoin's strong breakout in June 2023 and the establishment of a bull market pattern, the discussion in the market about the 'Altcoin Season' has remained highly active. However, funds are still concentrated in a few large-cap coins, and the overall market still shows significant structural differentiation.

Recently, BNB has continued Ethereum's previous uptrend and has become one of the few standout assets; however, overall, although most cryptocurrencies have rebounded significantly since the 2022 low, the market differentiation remains evident, with limited room for further gains.

As the market focus returns to mainstream assets, the Bitcoin dominance rate, which briefly fell in the past two months due to Ethereum and some altcoins' temporary strength, is now rising again. With the trend reversal, Bitcoin has once again become the core driving force of this cycle.」