Bitcoin (BTC) is holding firm near its critical support at $62.5K after a volatile but positive Sunday. Notably, BTC has posted seven consecutive green daily candles, a streak not seen since February of this year—right before its remarkable 50% rally from $48K to $72K. This pattern suggests a strong potential for another bullish run, especially in light of recent Fed rate cuts, which may inject renewed optimism into the market.
Meanwhile, Bitcoin dominance recently touched 58.6%, its highest level since March 2021. However, this could indicate a nearing peak for this cycle as the ETH/BTC pair—the leading altcoin benchmark—has bounced off a 40-month low, signaling possible strength returning to altcoins.
