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"Bitcoin's dominance in the cryptocurrency market continues to grow, with the world's largest cryptocurrency reaching a new all-time high of $112,000. Despite ongoing macroeconomic uncertainty, including inflation, rising interest rates, and geopolitical tensions, Bitcoin's value remains strong. The altcoin market, on the other hand, is struggling to catch up, with the TOTAL Altcoin Market Cap still 30% below its 2021 peak. Analyst Daan points out that the altcoin market's underperformance stems from its failure to break above a key horizontal resistance zone. Until that level is breached, altcoins may continue to trail behind Bitcoin's explosive moves."
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