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**BTC’s Price Was Stopped at $98K but Dominance Over Alts Continues to Rise (Weekend Watch)**
The cryptocurrency market has been characterized by a surge in Bitcoin’s price, with the asset reaching a multi-month peak of over $98,000. However, this impressive growth was stopped short of challenging the coveted six-digit territory. The bears stepped up once again, and BTC has since lost almost two grand, currently trading inches above $96,000.
Notably, Bitcoin’s market capitalization remains substantial, exceeding $1.910 trillion on CoinGecko (CG). Its dominance over the alternative cryptocurrencies (alts) has now reached a four-year high of nearly 62% on CG and 64% on other data aggregators, which could potentially signal good news for alts in the near future.
On a more somber note, most altcoins have mirrored Bitcoin’s performance over the past day, with minor losses observed among popular assets such as Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Solana (SOL), Cardano (ADA), Sui (SUI), Chainlink (LINK), and Stellar (XLM). AVAX and PEPE have borne the brunt of the downturn, each dropping approximately 3%.
Meanwhile, TRUMP, KAS, and TAO have bucked the trend, posting gains ranging from 3% to 4%. VIRTUAL has taken center stage once more, surging over 6% as it continues to trade above $1.7.
Lastly, it is important to note that the total crypto market cap has shed approximately $30 billion since yesterday’s peak but remains comfortably above the $3.1 trillion mark on CG.
This article was written by Jordan Lyanchev, CryptoPotato’s Assistant Editor-in-Chief.
Source: https://cryptopotato.com/btcs-price-was-stopped-at-98k-but-dominance-over-alts-continues-to-rise-weekend-watch/
