Double-digit price increases for these Altcoins as BTC stalled before $100,000 (weekend watch)

Bitcoin tried and tried to break into six-digit price territory, but stopped just inches short of $100,000 and has been pushed south around a million.

Their dominance over the highs has eased in the last day as many including DOGE, ADA, AVAX and DOT posted double-digit gains.

BTC fails at $100,000

Bitcoin had a very positive trading week, which started on Monday with a price increase to over $90,000. After a brief pullback, the bulls came back and helped BTC mark a new all-time high of $94,000 on Tuesday.

However, that was just the beginning as the asset continued to rally and broke above $95,000, $96,000, $97,000, $98,000 and $99,000 on Friday.

Naturally, all eyes turned to the coveted $100,000 target, which many speculated could be broken immediately. However, bones managed to defend this level well. As such, bitcoin failed to break through on Friday, although it only reached $250.

Since then, the cryptocurrency has corrected slightly and now sits below $99,000. However, its market capitalization is still above $1.950 trillion, making it the seventh largest asset in the world, but its dominance over the highs has taken a big hit, dropping it to 56 % to CG.

Bitcoin/Price/Chart 23.11.2024. Source: TradingView Alts on the Rise

BTC’s declining dominance means only one thing: the highs are exploding. While this cannot be said for ETH, SOL, and BNB, other larger caps have seen mind-blowing increases over the past day.

As previously reported, these include XRP, DOGE, and ADA, all of which have reached multi-year highs. The picture is similar for Avalanche and Polkadot, as they have shot up 22% each. AVAX is now near $44, while DOT is near $7.5.

Even more notable increases came from XLM (52%), ALGO (33%) and VET (31%).

Total crypto market cap hit a new all-time high earlier with over $3.5 trillion in CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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