• 34ºc, Sunny

Analysis: Counterfeit products season may be about to begin

Bitcoin has risen 129% so far this year, mainly driven by the results of the 2024 US Presidential Election and the April 2024 halving event. Bitcoin's dominance is declining despite its price rise. On November 30, 2024, Bitcoin's dominance fell to 56.1%. This suggests that Bitcoin investors are taking profits and rotating to counterfeit products, and the counterfeit products season may be about to begin.