The price of :
Bitcoin is testing the level of $98 thousand
and its dominance over alternative currencies is still high
The price of Bitcoin stopped at the level of $98 thousand, after recording a gradual
rise over the past days, reaching its peak yesterday, without the price of the
currency succeeding in exceeding the barrier of $100 thousand.
Despite the slight decline
Bitcoin's dominance in the altcoin market continues to rise.
At the beginning of last week, the price of Bitcoin rose from 84,000 to more than
$90,000 in just 36 hours, driven by a wave of optimism that later pushed it to
$96,000 on April 25, its highest level in the past two months.
However :
it encountered strong resistance at this level
resulting in a consolidation in a range between $93,000 and $95,000.
On Thursday :
the price of Bitcoin broke through and tested the $98,000 level
but the price of the coin quickly lost momentum, falling just above $96,000.
However :
Bitcoin maintains a market capitalization of more than $1.910 trillion on
the “CoinGecko” platform :
while its market dominance has risen to about 62%
and even reached 64% on some other platforms, its highest level in four years.
As for alternative currencies :
they recorded limited losses, as ETH, XRP, DOGE, SOL, ADA, SUI, LINK
and XLM declined slightly, while the largest losses went to AVAX and PEPE
at approximately 3% each.
In contrast :
- TRUMP, KAS and TAO
- all gained between 3% and 4%
- while VIRTUAL rose more than 6% to trade above $1.7.
The total market capitalization of cryptocurrencies has fallen by about $30 billion
since its peak yesterday, but it still exceeds $3 trillion.