In recent weeks, we have witnessed a severe banking crisis in the United States, which is one of the consequences of the country's uncontrolled interest rate increases. Therefore, it is highly likely that the Federal Reserve will halt its banking interest rate increases and contractionary policies in the near future. This policy, which has been in effect for less than a year, indicates a major failure for the US economy and central bank. Many banks are going bankrupt, and these events could be a warning signal for the US and global economy, potentially worse than the 2008 financial crisis. Additionally, US inflation data does not seem desirable in these conditions, creating an opportunity for riskier markets. Apart from gold, which has always been a significant anchor for people worldwide, the world of cryptocurrencies can also make its mark. There is a possibility that we will witness a significant rally in this market this year, but as the name suggests, this market has its own particular risks
Nevertheless, risk management and capital allocation are of great importance in the cryptocurrency market. Bitcoin and Ethereum are among the assets that can gain more than other capital market projects. Since the cryptocurrency market has not yet experienced an economic recession, predicting future events will be very difficult. However, I predict a large influx of capital into this market.
Continuing on, I will delve into the technical analysis of the cryptocurrency market
Here, we see a chart of Bitcoin's dominance or the capital invested in Bitcoin. My prediction based on this chart is that the index will rise. Box 1 will be available in 2023 and box 2 will be available in late 2023 or 2024
The second chart is related to Total2, which is the capital invested in the crypto market excluding Bitcoin. The first and second red lines are available at the same timelines as the Bitcoin dominance chart
Finally, the third chart which is Total3 shows the capital invested in all projects in the market except for Bitcoin and Ethereum.
An important point to note is the greater inclination towards the rise of Bitcoin dominance and the Total2 chart compared to Total3, indicating a greater tendency for capital inflow into Bitcoin and Ethereum. As safer assets to invest on comparing to other crypto projects
However, all of these analyses are my personal opinions, and as I mentioned, the economic conditions right now are very complex. Like all analyses, there is a possibility that they may be invalidated.

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