Bitcoin's market share has dropped to 58%, analysts: BTC's push to 100,000 is obstructed, and market funds may flow to altcoins such as Ethereum.

QCP Broadcast pointed out that although the encryption currency market saw a pullback last weekend, BTC and Ethereum are still above their key support levels. As BTC failed to break through the $100,000 mark and entered a period of consolidation, the market's focus will shift to Ethereum and other AltCoins. BTC hit a low of $92,601 around 6 am today (26th), with a big dump of $6,000 overnight, marking the most significant fall in nearly three months. However, the strong AltCoins seem to show signs of resistance to the fall. Despite significant fluctuations, Ethereum has risen by more than 3% in the past 24 hours. QCP Broadcast stated in a post on its Telegram channel yesterday (25th) that during the Sideways period of coin prices, the market's focus in the short term may shift to Ethereum. Despite the pullback in prices last weekend, the long-term fluctuation rate is still relatively high. The market seems to expect BTC to consolidate Sideways until December, and the short-term focus will shift to ETH. As we mentioned last week, if BTC fails to break through $100,000, funds may flow from BTC to Ethereum and other AltCoins. According to Trading View data, BTC's market share in the overall encryption currency market has fallen from a high of nearly 62% last Thursday to 58.6%. Based on past Bull Market experiences, when BTC refreshes its historical high and enters a high consolidation phase, AltCoins are likely to experience a collective outbreak, and BTC's market share will further fall to 50% or lower. Investors who observe AltCoins can continue to pay attention or refer to this article: Is it time for the AltCoin season? These three major indicators besides BTC.D can help you judge. Related reports include: BTC and real estate golden cross: Real estate speculators warn that housing prices will fall for several years, with an annual reduction of 4%. BTC frenzy: BTC concept stocks and ETFs reached a record high of $70 billion in volume in a single day. The Encryption Currency Advisory Committee established by Trump will help establish a US BTC reserve. (BTC market share drops to 58%, analysts: BTC's impact of 100,000 is blocked, and market funds may flow to Ethereum and other AltCoins.) This article was first published on BlockTempo.