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Bitcoin Approaching $100K on Christmas Eve

This has sparked renewed interest in the crypto market and has investors eagerly anticipating a potential bull run in 2022.
Bitcoin Dominance on the Rise
Bitcoin dominance, which measures the percentage of the total cryptocurrency market capitalization that is made up of Bitcoin, is currently at 44%. This is a significant increase from the previous months, indicating that Bitcoin is once again leading the market and gaining more dominance.
Ethereum Hits All-Time High
Ethereum, the second-largest cryptocurrency by market capitalization, has also been making headlines as it reached a new all-time high of over $4,300. This is driven by a surge in demand for decentralized finance (DeFi) projects and the upcoming launch of Ethereum 2.0.
Altcoins Performing Strongly
While Bitcoin and Ethereum are stealing the spotlight, many altcoins are also performing strongly. Coins like Solana (SOL), Polkadot (DOT), and Cardano (ADA) have all seen significant gains in the past few weeks, with some reaching new all-time highs.
Trending Hashtags and Crypto Tickers
As the crypto market continues to heat up, hashtags such as #Bitcoin, #Ethereum, and #Altseason are trending on social media platforms like Twitter and Instagram. Crypto tickers, such as BTC, ETH, SOL, DOT, and ADA, are also dominating the trending tickers list on financial news websites.
Experts Predict a Bullish 2022
With the current market trends and positive sentiment surrounding cryptocurrencies, many experts are predicting a bullish 2022 for the crypto market. Some even believe that Bitcoin could reach $200,000 in the next year, while others are optimistic about the potential of altcoins to outperform Bitcoin.
Conclusion
As we wrap up 2021, the crypto market is showing signs of a potential bull run in 2022. Bitcoin dominance is on the rise, Ethereum is hitting all-time highs, and altcoins are also performing strongly. With trending hashtags and crypto tickers dominating social media and financial news, it's clear that the crypto market is back in the spotlight. As always, it's essential to do your own research and invest wisely in this volatile market.


Sentiment Result: Positive

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