Altcoins Rise as Bitcoin Halts $100K
Bitcoin has seen a strong rally over the past week, gradually climbing from $90K on Monday to $99,750 by Friday.
However, Bitcoin failed to break the $100K barrier as it resisted selling forces at this level.
Currently, Bitcoin is trading near the $99K level, with the market cap of Bitcoin remaining at $1.95 trillion, but it has lost some of its market dominance, falling to 55.8%.
Altcoins Shine and Rise:
As Bitcoin’s dominance wanes, altcoins have emerged and are making strong gains.
Tokens like DOGE, ADA, AVAX, and DOT have led the rally, posting double-digit gains in the past 24 hours.
XRP, DOGE, and ADA have surged to multi-year highs.
AVAX and DOT: Gained 22%, with AVAX reaching $44 and DOT reaching $7.5.
XLM, ALGO, and VET: Recorded the biggest gains, up 52%, 33%, and 31% respectively.
Following the surge in the prices of both Bitcoin and altcoins, the total crypto market cap reached a new record high of over $3.5 trillion, reflecting the rapid growth that altcoins have witnessed in recent days.
