Bitcoin (CRYPTO:BTC) hit another all-time high of $108,388 early in the U.S. trading session, but reversed gains to join the stock market’s broader losses.
| Cryptocurrency | Prix | Market capitalization | 24 hour trend | 7-day trend |
| Bitcoin (CRYPTO: BTC) | 106 171 $ | $2.1 trillion | -0,2% | +8,6% |
| Ethereum (CRYPTO: ETH) | 3 933 $ | $474 billion | -0,2% | +6,8% |
| XRP (CRYPTO: XRP) | 2,58 $ | $147.6 billion | +8,8% | +18,1% |
Notes to you trader: Technical analyst Kevin warned in a post on X that Tether (USDT) dominance remains at a critical support level, likely preventing prices from going higher.
Until this support level, which also marked the cryptocurrency high in March, is broken, the analyst calls for caution.
Altcoin trader Sherpa highlighted the weakness in altcoins, which have struggled to follow Bitcoin’s recent gains.
The fact that Bitcoin is leading the price action is, according to the trader, “a good thing”, with altcoins tending to rally after their crypto at the top.
Statistics: Bitcoin Dominance, Bitcoin’s market share among all cryptocurrencies, increased from 54.56% on December 3 to 57.8% at the time of writing.
A higher Bitcoin dominance share is indicative of either a broader rising market or Bitcoin’s ability to hold up better against altcoins in a falling market.
Market News: XRP was one of the best altcoins of the day, supported by the launch of its stablecoin RLUSD.
Bitcoin ETPs have seen two straight weeks of net inflows. On Monday, an additional $688 million was invested in spot ETPs, in hopes of market prices rising in the last two weeks of 2024.
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