Matrixport: Bitcoin dominance reaches new cycle high, counterfeit products season yet to come
On September 3rd, Matrixport released a chart report that the market always has a chance of a bull market. Although cryptocurrencies have experienced a typical summer low, Bitcoin's dominance has reached a new cycle high. This means that the counterfeit products season has not yet arrived, but it reflects the strong market preference for Bitcoin.
Bitcoin remains a reliable anchor for the industry as a whole. It has proved resilient since the birth of digital currencies 15 years ago. Whether in a bear or bull market, this stability has always been an anchoring force in the market, especially as trading volumes remain strong.