Bitcoin’s Surge Stopped at $98K! What a Tease! But Wait, Altcoins Are in Trouble!

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Oh, what a day it was yesterday! Bitcoin, that elusive digital creature, soared to an almost mythical price of $98,000, only to be cruelly halted before even attempting to challenge the magical $100K mark. Couldn’t even catch its breath! 😒

And as if the price of Bitcoin wasn’t enough to send hearts racing, most altcoins followed the same path, sliding down with the grace of a falling star. Among the losers, AVAX and PEPE led the charge, both dropping by 3%. A true show of “look at me, I’m doing poorly” 😅

BTC’s Grand Entrance and Swift Exit at $98K

Picture it: the start of the previous trading week, Bitcoin flying high, with a jaw-dropping jump from $84,000 to over $90,000 in less than 36 hours. The bulls were on fire, like an unstoppable force, and it wasn’t long before Bitcoin touched a two-month high of $96,000 on April 25. It was an absolute spectacle, a true market showstopper! 🎪

But alas, as with all good things, resistance reared its ugly head. Bitcoin faced a ceiling that wouldn’t budge, and after a brief dance in the $93,000 to $95,000 range, the crypto king bounced back to $98,000. But did it keep climbing? Of course not! 🐻 The bears jumped in, and before you could say “Bitcoin to the moon,” BTC was already losing $2,000, now barely hanging on above $96,000. Classic move, right? 🤦‍♂️

Despite this dramatic turn of events, Bitcoin’s market cap is still a force to be reckoned with, sitting comfortably above $1.910 trillion. And guess what? Its dominance over the altcoins is stronger than ever, reaching a four-year high of 62%, and in some data sources, it’s climbing to 64%. Maybe this means altcoins will soon have their day in the sun… Or maybe not. Only time will tell. ⏳

Altcoins: A Dramatic Imitation of Bitcoin’s Misfortune

And then there were the altcoins. Oh, sweet altcoins. If Bitcoin sneezes, they all catch a cold. Yesterday’s performance? A true lesson in disappointment. ETH, XRP, DOGE, SOL, ADA, SUI, LINK, and XLM all found themselves sliding down, with minor losses painted on their faces. But the real drama came from AVAX and PEPE, each plummeting by around 3%. 🙄

In a shocking twist, some coins managed to defy the downward spiral! TRUMP, KAS, and TAO rose by a modest 3-4%, because why not, right? But the real hero? VIRTUAL, which jumped over 6% and now trades above $1.70. Somebody give that coin a medal! 🏅

As for the total crypto market cap, it lost a substantial $30 billion since its peak yesterday. Ouch. But don’t worry, it’s still sitting comfortably above $3.1 trillion. So, no need to panic just yet… But don’t get too comfy either. 😬

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2025-05-03 09:32