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Bitcoin hits over $111,000, entering uncharted territory, boosting market optimism. Major altcoins like ETH, ADA, SOL follow BTC’s surge. Over $500M leverages liquidated in crypto markets in 24 hours. BTC’s rally sparks altcoins trading in the green. What’s next for Crypto? Monitor capital flow. BTC in phase 1 or transitioning to phase 2. ETH may surpass BTC soon. Altcoin Season Index at 16 implies more room for growth. Investors tend to favor phase 1. Source: Correglass, Blockchaincenter.net.
https://altcoin.observer/why-is-the-cryptographic-market/
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