Bitcoin Price – Bitcoin Hits $98K: Is the $100K Breakout Closer Than Ever?

Bitcoin Price – Bitcoin Inches Away From $100K — Can Bulls Regain Momentum?

Bitcoin Price – Bitcoin (BTC) made headlines once again after climbing to a multi-month high of $98,000, but the leading cryptocurrency failed to breach the critical $100,000 resistance level. The upward momentum was met with strong selling pressure, halting the rally and triggering a slight pullback across the broader crypto market.

Bitcoin’s Rally Capped at $98,000

Bitcoin started last week with strong bullish momentum, rallying from $84,000 to over $90,000 in less than two days. The breakout extended through April 25, when BTC peaked at around $96,000, marking its highest level in over two months.

However, the price soon entered a consolidation phase, hovering between $93,000 and $95,000 for several sessions. The lower boundary was tested more than once, but the bulls defended it firmly.

A breakout occurred on Thursday, pushing BTC up to $98,000, a level not seen in months. Still, this rally fell just short of testing the psychologically significant $100,000 mark. Bearish pressure emerged once more, pulling Bitcoin back down to its current position just above $96,000.

Despite the minor correction, Bitcoin’s market capitalization remains strong, sitting well above $1.91 trillion, according to CoinGecko (CG). Moreover, BTC dominance over altcoins reached a four-year high of nearly 62% on CG, and even 64% on other aggregators. Historically, such dominance levels can sometimes precede a shift in favor of altcoins.

Altcoins Mirror BTC With Minor Losses

Most major altcoins have followed Bitcoin’s lead, posting small daily losses. Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Solana (SOL), Cardano (ADA), Sui (SUI), Chainlink (LINK), and Stellar (XLM) have all recorded marginal declines in the last 24 hours.

The most notable losers in the top 100 are Avalanche (AVAX) and Pepe (PEPE), both down by approximately 3%. These losses highlight a cooling sentiment in the altcoin space, likely tied to Bitcoin’s inability to push higher.

On the other hand, a few tokens have defied the trend. TRUMP, Kaspa (KAS), and Bittensor (TAO) posted gains ranging from 3% to 4%, signaling selective strength. VIRTUAL stood out as the top performer of the day, jumping over 6% and trading above $1.70, showing resilience amid the broader market pullback.

Total Crypto Market Cap Slides but Stays Strong

The broader crypto market capitalization has dipped by around $30 billion since the recent peak but still holds above the $3.1 trillion mark on CoinGecko. While this reflects a modest decline, the current valuation remains near historic highs, underlining the underlying bullish trend in the digital asset space.

Although Bitcoin’s short-term rejection below $100K may disappoint some traders, the long-term structure remains intact. Analysts are closely watching whether BTC can build fresh momentum and attempt another breakout in the coming days.

Key Takeaways

• Bitcoin hit $98,000 before pulling back to just above $96,000.
• BTC dominance has reached a four-year high, signaling potential shifts in altcoin cycles.
• Most altcoins posted small losses, with AVAX and PEPE leading the downside.
• VIRTUAL gained over 6%, emerging as the day’s best performer.
• The total crypto market cap is down $30 billion but remains above $3.1 trillion.

While the $100K milestone remains elusive, Bitcoin’s strength and dominance may pave the way for further upside—if bulls can regain momentum. Meanwhile, altcoins may continue to lag unless a broader shift in capital flows occurs.

Bitcoin hits a multi-month high of $98K but falls short of $100K, triggering a market pullback, with altcoins following suit in minor losses.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.