The price of Bitcoin has stopped at the level of $98,000, after recording a gradual rise over the past few days that peaked yesterday, without the price of the currency managing to exceed the barrier of $100,000.
Despite the slight decline, Bitcoin's dominance over the alternative currency market is still on the rise.
At the beginning of last week, the price of Bitcoin rose from $84,000 to over $90,000 in just 36 hours, driven by a wave of optimism that later pushed it to $96,000 on April 25, the highest level in the past two months.
However, it faced strong resistance at this level, leading to a state of consolidation in the range of $93,000 to $95,000.
On Thursday, the price of Bitcoin broke through and tested the level of $98,000, but the price of the currency quickly lost momentum and fell back to just above $96,000.
However, Bitcoin maintains a market value exceeding $1.910 trillion on the 'CoinGecko' platform, while its dominance in the market has risen to about 62%, even reaching 64% on some other platforms, the highest level in four years.
As for alternative currencies, they recorded limited losses, as ETH, XRP, DOGE, SOL, ADA, SUI, LINK, and XLM declined slightly, while the biggest losses were for AVAX and PEPE at about 3% each.
In contrast, both TRUMP, KAS, and TAO coins achieved gains between 3% and 4%, while VIRTUAL rose by more than 6% to trade above $1.7.
The total market value of cryptocurrencies has decreased by about $30 billion since its peak yesterday, but it still exceeds $3 trillion.
