Bitcoin’s impressive upward momentum pushed its price to a multi-month high of over $98,000 on Saturday, but the rally was cut short just before it could challenge the psychological $100,000 mark. Despite this pullback, BTC’s market dominance over altcoins continues to strengthen, signaling shifting investor sentiment.
BTC’s Price Stopped at $98K
After a strong start to the previous week, Bitcoin surged from around $84,000 to above $90,000 in less than two days. The bullish trend carried on, culminating in a jump to $96,000 by April 25 — a two-month high. However, this level proved to be a tough resistance zone, causing BTC to consolidate between $93,000 and $95,000 over the following days.
A renewed bullish push on Thursday led to a breakout above the tight range, sending Bitcoin to a fresh high of $98,000. Still, the rally was short-lived as bears quickly regained control, knocking BTC back down to just above $96,000 at press time.
Bitcoin’s market cap remains strong, exceeding $1.91 trillion on CoinGecko, while its dominance over the altcoin market hit a new four-year high — reaching nearly 62% on CG and up to 64% on other trackers. This growing dominance may be a precursor to future altcoin movements.
Altcoins Take a Step Back
Most altcoins have mirrored BTC’s latest movement, posting slight daily losses. Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and others are trading slightly in the red. AVAX and PEPE lead the downturn among top altcoins, each dropping by approximately 3%.
A few exceptions bucked the trend, with TRUMP, KAS, and TAO posting modest gains between 3–4%. VIRTUAL stood out once again, rising over 6% to trade above $1.70.
Despite the $30 billion dip in total market capitalization from yesterday’s peak, the crypto market cap still holds above $3.1 trillion, reflecting overall market strength.
