Dogecoin

Bitcoin

PEPE

Bitcoin’s price continues to flirt with the coveted $100,000 mark but has lost some momentum since yesterday and now sits below it. 
The altcoins registered impressive gains on Saturday evening, including a new multi-year peak for DOGE, but have retraced as well. 
<h2 id="btc-beneath-100k">BTC Beneath $100K</h2> 
The primary cryptocurrency’s impressive surge following Trump’s landslide victory in the US elections pushed the asset from under $70,000 to almost $100,000 within a few weeks. However, it couldn’t penetrate into six-digit territory for a while as the bears managed to defend it. 
This finally transpired last Thursday when BTC went into a <a href="https://cryptopotato.com/bitcoin-makes-history-trump-selects-new-sec-chair-mt-gox-moves-billions-this-weeks-crypto-recap/" data-wpel-link="internal">price discovery mode</a> above $100,000 and tapped a fresh all-time high of almost $104,000. What followed was a sudden and violent rejection that drove it south by over ten grand in hours to $92,000 on most exchanges. 
After it <a href="https://cryptopotato.com/bitcoin-recovers-from-leverage-induced-flash-crash-below-93k/" data-wpel-link="internal">flushed out</a> a large number of leveraged positions, BTC went on the offensive once again and jumped to $102,000 on Friday evening. However, it has been unable to sustain that level and has lost a few grand since then. It even slipped beneath $100,000 earlier today, where it currently stands. 
Its market cap is just over $1.960 trillion on CG, and its dominance over the alts has calmed at 51.4%. 
<figure id="attachment_373853" aria-describedby="caption-attachment-373853" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-6.png" data-wpel-link="internal"><img class="size-full wp-image-373853" src="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-6.png" alt="Bitcoin/Price/Chart 8.12.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-6.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-6-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-6-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-6-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-6-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-6-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-373853" class="wp-caption-text">
 Bitcoin/Price/Chart 8.12.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="pepe-s-new-ath">PEPE’s New ATH</h2> 
With the word <a href="https://cryptopotato.com/these-signs-suggest-that-the-altcoin-season-is-upon-us/" data-wpel-link="internal">altseason</a> going viral on X, many alternative coins did well in the past 24 hours. PEPE, for example, skyrocketed by 20% at one point and <a href="https://cryptopotato.com/pepe-explodes-20-daily-to-new-all-time-high/" data-wpel-link="internal">painted</a> a fresh all-time high of its own at over $0.000026 before correcting slightly. 
Dogecoin also jumped high and neared $0.5 for the first time in three and a half years. SHIB is well in the green today amid some <a href="https://cryptopotato.com/can-pepe-surpass-shiba-inu-by-2024s-end-chatgpt-answers/" data-wpel-link="internal">dispute</a> about whether it could lose its position to PEPE by the end of the year. 
XRP was heading south for a few days straight but has bounced back with a 4.5% surge to trade above $2.5 now. The rest of the larger-cap alts are much less volatile. 
The total crypto market cap has retraced by around $40 billion since yesterday and is down to $3.820 trillion on CG. 
<figure id="attachment_373854" aria-describedby="caption-attachment-373854" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-08-105256.png" data-wpel-link="internal"><img class="size-full wp-image-373854" src="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-08-105256.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1880" height="823" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-08-105256.png 1880w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-08-105256-300x131.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-08-105256-1024x448.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-08-105256-768x336.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-08-105256-1536x672.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-08-105256-50x22.png 50w" sizes="(max-width: 1880px) 100vw, 1880px"></a>
 <figcaption id="caption-attachment-373854" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/dogecoin-tapped-new-3-5-year-peak-bitcoin-price-slips-below-100k-weekend-watch/" rel="nofollow">Dogecoin Tapped New 3.5-Year Peak, Bitcoin Price Slips Below $100K (Weekend Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Dogecoin Tapped New 3.5-Year Peak, Bitcoin Price Slips Below $100K (Weekend Watch)

Table of Contents

CryptoPotato_News

Other articles published on Dec 8, 2024

Bitcoin Hits $100K as Bloomberg Updates Price to $0.1M

When Will WazirX Return, If Not Now?

Fed decides to go ahead with December rate cut – but it’s not actually good news

The top 5 Cloud Mining Platforms for Maximizing Short-Term Profits

Bitcoin’s Resilience Redefines Its Role In Modern Finance

FSOC Identifies Financial Threats from Stablecoins

Join our free newsletter for daily crypto updates!