Bitcoin’s inability to break through the $100,000 barrier led to a minor price decline to around $98,000. Meanwhile, some altcoins like XRP and DOGE experienced significant drops, while others, such as TON, DOT, and XLM, saw double-digit surges. Despite not reaching the $100,000 mark, Bitcoin is still 7.2% up on the week, with a market cap of $1.940 trillion on CG.
Bitcoin’s dominance over altcoins has decreased to 55.5%, sparking speculations about a potential altcoin season. Some larger-cap altcoins like ADA, XRP, and DOGE posted notable gains but have since retraced heavily. ADA is down by 3%, XRP has dropped by over 6%, and DOGE has plummeted by 7.5%. In contrast, TON and DOT have surged by 11% and 17%, respectively, while XLM has skyrocketed by 29%.
Stellar’s native token has added more than 480% in the past month and is now trading above $0.56. The total crypto market cap has shed around $50 billion since yesterday’s peak, but it still stands close to $3.5 trillion on CG.
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<p>The post BTC Calms to $98K Amid Altcoin Season Speculations first appeared on CoinBuzzFeed.</p>
