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Bitcoin shot above $101,000 yesterday evening but was rejected once again and pushed south by a couple of grand.
The altcoins are also in the red today following the weekend gains, with XRP and DOGE being among the poorest performers on a daily scale.
<h2 id="btc-stopped-at-101k">BTC Stopped at $101K</h2>
Perhaps on the heels of the <a href="https://cryptopotato.com/etf-recap-record-setting-week-for-ethereum-bitcoin-funds-amid-price-rallies/" data-wpel-link="internal" rel="noopener noreferrer nofollow">substantial inflows</a> toward the spot Bitcoin ETFs in the States, the primary cryptocurrency was finally able to break into six-digit territory last week. Recall that the asset exploded to a new all-time high of $103,650 on Thursday after gaining about $8,000 in a day.
The bears were quick to intercept the move and pushed the cryptocurrency south hard. BTC dumped by over ten grand in hours, causing a cascade of liquidations in the process. However, it bounced off and started to reclaim ground on Friday and during the weekend.
The <a href="https://cryptopotato.com/dogecoin-tapped-new-3-5-year-peak-bitcoin-price-slips-below-100k-weekend-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">top</a> came at $102,000 on Friday and $101,300 on Sunday evening. However, both attempts were faced by rejections that drove the asset south. As of now, bitcoin stands shy of $99,000 after a minor daily decline.
Its market capitalization has dumped to $1.960 trillion on CoinGecko, but its dominance over the alts has risen to 52.1% as most of them are deeper in the red.
<figure id="attachment_373953" aria-describedby="caption-attachment-373953" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-7.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-373953" src="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-7.png" alt="Bitcoin/Price/Chart 9.12.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-7.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-7-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-7-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-7-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-7-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-7-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-373953" class="wp-caption-text">
 Bitcoin/Price/Chart 9.12.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="alts-fall-back">Alts Fall Back</h2>
Numerous altcoins posted impressive gains over the weekend, but most are in retreat now. XRP is among the worst performers on a daily scale, having lost over 6% of value and dropping to well below $2.4. DOGE, TRX, SHIB, ADA, and XLM have seen similar losses.
DOT has dropped even harder, and so have CRO, VET, FIL, and FET.
Ethereum and Avalanche are down by 2%, while SOL and BNB have declined by 4%.
The cumulative market capitalization of all cryptocurrency assets has dropped by roughly $100 billion since yesterday and is down to $3.750 trillion on CG.
<figure id="attachment_373954" aria-describedby="caption-attachment-373954" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-09-112740.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-373954" src="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-09-112740.png" alt="Cryptocurrency Market Overview. Source: Coin360" width="1880" height="824" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-09-112740.png 1880w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-09-112740-300x131.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-09-112740-1024x449.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-09-112740-768x337.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-09-112740-1536x673.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-09-112740-50x22.png 50w" sizes="(max-width: 1880px) 100vw, 1880px"></a>
 <figcaption id="caption-attachment-373954" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/altcoins-in-retreat-as-bitcoin-btc-falls-further-away-from-100k-market-watch/" rel="noopener noreferrer nofollow">Altcoins in Retreat as Bitcoin (BTC) Falls Further Away From $100K (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Altcoins in Retreat as Bitcoin (BTC) Falls Further Away From $100K (Market Watch)

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