Bitcoin is trading around $101,540, down 2.8% in 24 hours and 16% over the past month, with dominance at 60% as altcoins gain traction amid November weakness.
Key support stands near $98,500, with resistance at $109,000, while year-to-date gains remain strong at 49% despite recent pullback from $126,000 highs.
BlackRock’s spot Bitcoin ETF debut on the ASX highlights institutional demand, but tariff uncertainty and cautious fund inflows have limited upside momentum heading into 2026.
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Bitcoin’s (CRYPTO: BTC) dominance sits around 60% as November trading turns choppy. Prices have dropped below $100,000, pushing the broader crypto market lower and shifting attention toward emerging altcoins that are holding up better.
Bitcoin’s pullback has investors asking: Can it maintain market leadership, or are altcoins ready to take over?
Bitcoin hit $126,000 three months ago. Since then, it’s been mostly downhill. The price crashed to about $106,000 after the crypto flash crash in early October, bounced back to $110,000-$115,000 by late October, then fell again. BTC now trades at $103,000 as of early Novermber.
The numbers tell the story: Bitcoin has dropped 16% in 30 days. Q4 momentum is gone as brief rallies get sold. Long-term holders are still up 49% over 12 months, but recent weakness has traders worried.
Bitcoin’s market position keeps shifting. Price swings, liquidity moves, and investor mood all play a role. It’s still the biggest cryptocurrency, but its market share keeps shrinking. Here’s why:
The main problem: Bitcoin can’t stop falling. After peaking around $126,000, it tumbled below $100,000. Each drop weakens confidence and pushes traders toward other assets. Traders are taking profits early or rotating into digital assets with stronger short-term charts. Lower highs and fresh selling waves have choked off new money. Capital is spreading out across the broader crypto market.
Regulation and trade wars are hitting Bitcoin hard. Worries about Trump administration tariffs spooked risk markets, triggering sell-offs in stocks, commodities, and crypto. Bitcoin, despite being called digital gold, got caught in the downdraft.
Stricter rules in the U.S. and European Union aren’t helping. Compliance demands and ETF approval delays have made institutional investors cautious. Big money flows have dried up. Profit-taking picked up after the flash crash. Tariff fears and regulatory uncertainty have dented Bitcoin’s appeal as traders moved to stablecoins or hedged with other assets.
finance.yahoo.com
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