The cryptocurrency market is showing signs of an impending altcoin season, a period characterized by a surge in the price of other assets relative to Bitcoin. Market participants often shift their focus and capital toward altcoins during this period.
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In a Friday post on the X social media platform, Galaxy Digital CEO Mike Novogratz said that Bitcoin approaching the $100,000 level was "a big moment." Earlier today, the leading cryptocurrency by market capitalization hit a new record high of $99,742.
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