News Of Losangeles reports Bitcoin surged past $98,000 late Wednesday, its first visit to that level since mid-November, while most large-cap alts stalled and HASH led a thin winner’s list.
At a Glance
- Bitcoin touched $98,000 on Wednesday evening and now sits at $97,000, up 2.2% in 24 h
- Dominance rose to 57.5% as most alts lagged; total crypto cap gained $40B overnight to $3.37 trn
- Ethereum added 1% and hovers above $3,350, targeting $3,400
- Why it matters: The renewed BTC strength is squeezing alt positions and shifting flows back toward the leading crypto
BTC’s Path to $98,000
Bitcoin began the week recovering the key $90,000 support after a brief dip under that mark. Early attempts to break $92,000 failed, but Tuesday’s session finally carried price to $96,500. Bears pushed it back below $94,500, yet buyers returned with force Wednesday evening, catapulting the asset to $98,000 before a slight fade to the current $97,000.
The move lifted market capitalization to $1.940 trillion and pushed Bitcoin’s dominance to 57.5%.
Altcoin Split Screen
Ethereum’s 1% daily gain keeps it above $3,350, with traders watching for a push through $3,400. BNB, TRX, XMR and BCH post small advances, while XRP, DOGE, ADA, LINK and XLM trade lower.
Among larger caps, ICP and RAIN outperform, but HASH steals the show with a 20% leap.
Market Cap Rebound
The combined crypto capitalization added roughly $40 billion overnight, reaching $3.370 trillion on CoinGecko.
Key Takeaways
- Bitcoin’s latest leg higher strengthened its market dominance
- Most major alts have paused despite ETH holding above $3,350
- HASH emerged as the clear alt leader with a 20% daily rally
