Bitcoin Retreats to $98K as Altcoins Follow the Trend

• Bitcoin drops below $99.000
• Altcoins lose value; XRP and DOGE suffer
• Crypto market cap drops by $100 billion

Bitcoin, which had recently surpassed the $100.000 mark, faced a sharp pullback after encountering resistance near $101.351, sliding closer to $98.000. At press time, BTC price was trading at $98.475,72 with a 1% decline in the last 24 hours.

Despite a momentary peak of $103.650 on Thursday — perhaps driven by renewed interest in Bitcoin ETFs in the United States — the leading cryptocurrency failed to sustain its value, experiencing a significant drop of more than ten thousand dollars in a few hours.

This pullback did not occur in isolation. Altcoins, which had shown robust performance over the weekend, also felt the impact. XRP and DOGE were among the most affected, with daily losses of over 6%, while DOT, CRO, VET, FIL, and FET also saw notable declines. Ethereum and Avalanche were no exception, with declines of around 2%, and both SOL and BNB faced declines of 4%.

The biggest losses of the day are GALA, VET, HYPE and GRT, with almost 10% drops. The biggest gain of the day is the cryptocurrency SOS, with more than 30% appreciation. Although Bitcoin's market capitalization has fallen to US$ 1,960 trillion, its dominance over altcoins is still increasing, now reaching 52,1%.