Bitcoin Leads Crypto Market Higher While Altcoins Face Resistance
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Bitcoin price eyes $40,000 as bulls remain in control, breaking out of an ascending channel.
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Ethereum faces resistance at $2,139, which if broken could lead to further gains. However, overbought conditions threaten upside.
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Ripple could see further losses after breaking support at $0.66. Bullish outlook would be invalidated below $0.59.
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Bitcoin dominance typically rises before/during bull runs as investors favor BTC over altcoins.
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Stablecoins aim to maintain a stable value, serving as an on/off ramp between crypto and fiat.