Bitcoin

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Brian

Bitcoin dominance — a measure of how much of the crypto market’s total value belongs to BTC — has rebounded as the asset hit a six-figure all-time high on Dec. 5, while most altcoins failed to shadow its gains.&nbsp;
Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) dominance recovered 4.4% over the past day, topping 57% as the asset surged to a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-hits-100-000-first-time-new-all-time-high" rel="null" target="null" text="null" title="null">record high</a> of $104,000 on Dec. 5, <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTC.D/" rel="null" target="null" text="null" title="null">according</a> to TradingView.&nbsp;
Bitcoin’s market share had slid 11.5% from a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-dominance-over-three-year-high-altcoins-see-little-gains" rel="null" target="null" text="null" title="null">three-and-a-half-year high</a> of 61.8% on Nov. 21 to bottom out at 54.7% on Dec. 4 before its rebound. 
“Almost like BTC was jealous that altcoins were getting all the attention and wanted to remind everyone it’s still king,” <a data-ct-non-breakable="null" href="https://x.com/IncomeSharks/status/1864512542846144735" rel="null" target="null" text="null" title="null">said</a> analyst Income Sharks in a Dec. 5 post on X.&nbsp;
Altcoins had been on fire for the past week, with all-time highs for BNB (<a data-ct-non-breakable="null" href="https://cointelegraph.com/binance-coin-price-index" rel="null" target="null" text="null" title="null">BNB</a>) and Tron (<a data-ct-non-breakable="null" href="https://cointelegraph.com/tron-price-index" rel="null" target="null" text="null" title="null">TRX</a>), and XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="null" target="null" text="null" title="null">XRP</a>) hitting a seven-year high, while Bitcoin remained in consolidation around the $95,000 level, causing the plunge in BTC dominance.
That all changed when BTC exploded into six-figure territory during early trading on Dec. 5.&nbsp;
<figure>
 <img alt="Markets" src="https://s3.cointelegraph.com/uploads/2024-12/0193954c-0d16-76c7-a50a-f056e07349aa" title="">
 <figcaption style="text-align: center;">
 Bitcoin dominance (BTC.D). Source: <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTC.D/" rel="null" target="null" text="null" title="https://www.tradingview.com/symbols/BTC.D/">TradingView</a>
 </figcaption>
</figure>
The Bitcoin Fear &amp; Greed Index, which analyzes market sentiment, is <a data-ct-non-breakable="null" href="https://alternative.me/crypto/fear-and-greed-index/" rel="null" target="null" text="null" title="null">currently</a> at an “extreme greed” level of 84. It spiked to 94 — its highest level since December 2020 — on Nov. 22, when Bitcoin hit an all-time high of $99,000.
Social sentiment has also surged, with Google Trends reporting Dec. 5 saw the biggest spike in searches for Bitcoin in the last week.&nbsp;
<figure>
 <img alt="Markets" src="https://s3.cointelegraph.com/uploads/2024-12/0193954c-6ada-73db-9f43-4207736811e4" title="">
 <figcaption style="text-align: center;">
 Worldwide searches for ‘Bitcoin’ on Google. Source: <a data-ct-non-breakable="null" href="https://trends.google.com/trends/explore?date=now%207-d&amp;q=Bitcoin&amp;hl=en-GB" rel="null" target="null" text="null" title="https://trends.google.com/trends/explore?date=now%207-d&amp;q=Bitcoin&amp;hl=en-GB">Google Trends</a>
 </figcaption>
</figure>
There were $132 million in short position liquidations over the past four hours, <a data-ct-non-breakable="null" href="https://www.coinglass.com/LiquidationData" rel="null" target="null" text="null" title="null">according</a> to CoinGlass.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-dominance-altseason-xrp-rally-2025" rel="null" target="null" text="null" title="null">Bitcoin dominance hints at ‘altseason,’ analysts eye XRP price rally into 2025</a>
Industry executives and analysts have been celebrating Bitcoin’s “$100K Day” with Coinbase CEO Brian Armstrong <a data-ct-non-breakable="null" href="https://x.com/brian_armstrong/status/1864510348856053858" rel="null" target="null" text="null" title="null">saying</a>, “If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000.”
“If you kept the $100 USD you’d only be able to purchase about $73 worth of goods today,” he said before adding:&nbsp;
<blockquote>
 “Bitcoin is the best-performing asset of the last 12 years, and it’s still early days.”
</blockquote>
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ethereum-is-poised-to-catch-up-with-bitcoin-and-solana-in-2025/" rel="null" target="null" text="null" title="null">Comeback 2025: Is Ethereum poised to catch up with Bitcoin and Solana?</a>

Bitcoin dominance bounces back to 57% as BTC punches to $104K

Cointelegraph

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