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Recently, the Crypto Assets market has shown a remarkable warming trend, with prices of various digital assets rising, especially some small coins performing outstandingly, bringing new investment opportunities to market participants.
Although the price of Bitcoin has corrected in the short term, it is still hovering at a high level within the trading range for 2025, demonstrating its fundamental robustness. It is worth noting that some small Crypto Assets have outperformed Bitcoin in the past few weeks, and this phenomenon is gradually changing the market landscape.
The current trading price of Bitcoin is around $116,600. Although it has slightly retreated, it is still well above the 50-day moving average of (114,000 and the 200-day moving average of )101,300, highlighting its strong long-term trend. However, the current market situation also suggests that Bitcoin's dominance may face challenges.
Some small crypto assets like Shiba Inu coin are showing new growth momentum, while assets such as Ripple have even seen double-digit gains in a single day. This market differentiation is diluting Bitcoin's relative share in the entire crypto assets space, indicating that investment funds are shifting from Bitcoin to specific small crypto assets.
From a technical analysis perspective, Bitcoin is currently forming a clear trading range between the support level of $113,300 and the resistance level of $121,500. Since mid-July, Bitcoin has repeatedly faced resistance, failing to break through the upper limit of this range.
This shift in market dynamics may indicate further diversification of the Crypto Assets ecosystem, as investors are seeking opportunities beyond Bitcoin. However, considering the high volatility of the Crypto Assets market, participants must remain cautious and closely monitor market trends and potential risks.