Bitcoin, which recently surpassed the $100,000 mark, experienced a significant pullback after facing resistance near $101,351, causing its price to slide closer to $98,000. As of press time, the BTC price was trading at $98,475.72, reflecting a 1% decline in the last 24 hours.
Despite briefly reaching a peak of $103,650 on Thursday, possibly due to renewed interest in Bitcoin ETFs in the United States, the leading cryptocurrency failed to maintain its value and witnessed a significant drop of over ten thousand dollars within a few hours.
This pullback was not limited to Bitcoin alone. Altcoins, which had shown strong performance over the weekend, also felt the impact. XRP and DOGE were among the most affected, experiencing daily losses of over 6%. Additionally, DOT, CRO, VET, FIL, and FET also saw significant declines. Ethereum and Avalanche were not exempt, with declines of approximately 2%, while SOL and BNB faced 4% declines.
The most significant losses of the day were observed in GALA, VET, HYPE, and GRT, all experiencing drops of nearly 10%. On the other hand, the cryptocurrency SOS recorded the highest gain of the day, appreciating by more than 30%. Although Bitcoin’s market capitalization has decreased to $1.96 trillion, its dominance over altcoins continues to increase, now reaching 52.1%.