Last week, crypto investment funds saw a record $1.47 billion in inflows as investors positioned themselves ahead of the first U.S.
Analysts are also monitoring the recent rotation to alternative coins , which are starting to outperform bitcoin.
The bitcoin dominance ratio, or the measure of bitcoin’s market capitalization relative to the total crypto market, declined last week to 45%.
Some traders are starting to rotate into altcoins, which suggests a greater appetite for risk.
At that time, the bitcoin dominance ratio rose as investors reduced their exposure to altcoins and sought relative safety in bitcoin.
Currently, the bitcoin dominance ratio is declining from a high of 48% in July, which was when crypto prices stabilized from a correction earlier this year.
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