Bitcoin has tried to break through the six-digit price range several times, but has failed to break through each time it approaches $100,000, and the price has now fallen back by about $1,000.
Bitcoin’s dominance over altcoins has weakened over the past 24 hours, with several altcoins such as DOGE, ADA, AVAX, and DOT posting strong double-digit gains.
BTC stopped at 99660
Bitcoin has been exceptionally strong this week, with prices briefly breaking through the $90,000 mark on Monday. After a brief pullback, bullish forces returned, pushing BTC to a new all-time high of $94,000 on Tuesday.
However, this was just the beginning, and the price continued to rise, with Bitcoin surpassing $95,000, $96,000, $97,000, $98,000, and approaching $99,000 on Friday.
As the price approached this psychological level, the market’s focus turned to the much-anticipated $100,000 target. While many expected this level to be breached soon, the bears managed to defend this level, preventing Bitcoin from surpassing $100,000 on Friday, albeit by just $250.
Subsequently, Bitcoin experienced a small correction and its price has now fallen below $99,000. However, its market value remains above $1.95 trillion, ranking seventh among the world's largest assets. However, its dominance in the crypto market has been greatly affected, and its market share has dropped to 56%.
Bitcoin/Price/Chart November 23, 2024
The rise of altcoins
The decline in Bitcoin’s dominance clearly foreshadows the explosion of altcoins. Although the performance of ETH, SOL, and BNB has not changed significantly, other cryptocurrencies with larger market capitalizations have seen amazing gains in the past 24 hours.
As mentioned earlier, XRP, DOGE, and ADA have surged to multi-year highs. Avalanche and Polkadot have also performed well, rising 22% each. Currently, AVAX is close to $44 and DOT is close to $7.5.
More notable were the strong gains in XLM (up 52%), ALGO (up 33%), and VET (up 31%).
In addition, the total market value of cryptocurrencies broke through an all-time high of $3.5 trillion earlier.
Cryptocurrency Market Overview
Club Target Review
TOP.1
Last Saturday, the club discovered the DeSci concept and selected three iconic targets, among which RIF soared 10 times after the recommendation, URO also increased 9 times, while WORM's performance was relatively flat.
However, the founder of BitMEX just tweeted a direct order for WORM, pushing it to an instant high of 0.08659, which is twice the price recommended by the club at 0.0244.
What’s even more exciting is that WORM also announced that it will distribute 2.4% of the project wallet to $WORM holders, which means they can really make money while eating.
Join the club and don't miss out on this meme craze!
TOP.2
EYE is the currency that the club has been developing.
At the very beginning, after BAN came out of the circle, the club discovered the EYE target, which is also a collectible concept, on the chain, and regarded it as the second dragon of the collectible concept and has been holding it firmly.
Just after Binance announced the launch of BAN contracts, EYE's short-term linkage increase was 400%, quadrupled, and directly went to zero.
Join the club and ambush more doubling memes!
TOP.3
Driven by PNUT, the entire meme sector has seen an increase. Since the raccoon coin FRED was first deployed at a price of 0.04, it has now risen to 0.26, a nearly 6-fold increase; similarly, the eye coin EYE, which was 0.0004, has soared to 0.0062, an 18-fold increase; BAN has risen from the prompt position of 0.041 to 0.21, also a nearly 6-fold return. Hot projects are performing steadily, and the opportunity for continued profitability should not be missed!
TOP.4
The most eye-catching one today is the squirrel coin PNUT mentioned by Lao Ma, which has nearly doubled in price. At the same time, Fred, another pet of the squirrel owner, also entered the market at around 0.04 after research, and its current market value is close to 1 billion US dollars.
TOP.5
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TOP.7
