Matrixport: Bitcoin's dominance rate is rebounding, and the market focus is once again shifting towards mainstream assets.

On October 8, Matrixport released today's market analysis, "Since Bitcoin's strong breakthrough in June 2023 and the establishment of a bull market pattern, discussions about the 'alt season' in the market have remained high. However, funds are still concentrated in a few large cap coins, and the overall market shows significant structural differentiation. Recently, BNB has continued the leading upward momentum of Ethereum, becoming one of the few standout assets; however, overall, although most Crypto Assets have significantly rebounded since the low in 2022, market differentiation remains apparent, and the follow-up space is limited. As the market focus returns to mainstream assets, Bitcoin's dominance, which had temporarily declined due to the strengthening of Ethereum and some altcoins over the past two months, is now on the rise again. Under the trend reversal, Bitcoin has once again become the core driving force of this cycle."