Meanwhile, Bitcoin has reached a new high of $99.3K, but its market dominance was down to 60.55%, signaling a potential surge in altcoin activity alongside Bitcoin's rally.
Web3 investor DWF Labs has launched a $20 million Meme fund to support memecoin projects across different blockchains. Meanwhile, as Bitcoin climbs to $100K, its dominance grows, with the potential to intensify the pull of liquidity away from altcoins.
Bitcoin has once again reached a new all-time high of nearly $94K, with its market dominance rising to 60.4%.
Assuming Bitcoin fluctuates between $83,000 and $93,000, a considerable rebound in TOTAL3 (excluding BTC, ETH, and USDT) is anticipated.
Bitcoin, which has been fluctuating narrowly over the weekend, could skyrocket to $100K if it stays above $88K.
Bitcoin's daily chart shows upper wicks, signaling resistance around the $95,000 level and suggesting a higher chance of a short-term pullback.
As long as BTC remains above the support level of $87,654, no short-term top is assumed. However, a drop below this level may indicate the rally from $69,732 has ended, with a likely pullback range between $76,000 and $85,000.
Bitcoin may have hit a temporary peak. If it drops below $85K, the support would likely be at $82K to $85K or $76K to $82K.
Bitcoin has hit yet another all-time high of $89.5K with overall bullish sentiment. It is expected to sustain its rally unless it drops below $85K.
BlackRock’s spot Bitcoin ETF saw over $1.1 billion in net inflows, setting a new record for single-day inflows. As Bitcoin remains high, Ethereum is aiming to reclaim $3.1K and if it stays above $2.7K, ETH's recovery could be sustained.
the TOTAL3 index, which tracks altcoin performance, has reached $653 billion, signaling a potential strong rally and increased trading activity ahead.
Bitcoin has reached a new all-time high, as the US election results show Donald Trump winning the race. The official results results could signal potential market shifts.
Amid US election day, Bitcoin has traded at $68K, indicating downward pressure with potential dips below $66K. A breakout above $70K is needed to reverse this downtrend.
Bitcoin dipped to $67.4K, needing to hold above $66K to avoid further correction. However, a break above $70.6K could indicate an upward momentum.
Bitfinex and J.P. Morgan noted a correlation between US presidential candidate Donald Trump's election odds and Bitcoin's price trajectory.
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