Bitcoin’s price dipped below $100,000 once again yesterday, but the bulls managed to step up and didn’t allow another breakdown.

Many altcoins have rebounded in a more impressive manner, including ETH ($3,404.42), which neared $3,500 again, and XRP ($2.29), which is above $2.30.

BTC ($101,924.00) Bounces Above $102K

The business week began on the wrong foot for the primary cryptocurrency. It tapped $111,000 last Sunday, but the bears took complete control of the market on Monday and didn’t let go for days. At first, the asset slipped to $104,000, and after a brief and unsuccessful recovery attempt, it started to lose value once again on Tuesday.

The culmination occurred when it slumped below $100,000 for the first time since June and bottomed at just under $99,000. It bounced off in the following days but was quickly stopped at $104,000 on Wednesday. The overall bearish sentiment continued, and BTC dipped to a five-digit price territory once again on Friday.

This time, the bulls managed to intervene before bitcoin dropped to $99,000. Its recovery attempt was similar as the asset jumped to $104,000 on Friday evening. It has been unable to continue upward and now sits about a grand and a half lower.

Its market cap has rebounded to nearly $2.050 trillion on CG, while its dominance over the alts has dumped from 58.2% to 57.6% in a day.

BTCUSD. Source: TradingView

FIL ($3.33) on the Rise

The declining BTC dominance means one thing – many altcoins have outperformed it. FIL is the undisputed leader, with a massive 50% surge that has pushed it to over $3.30 as of press time. On a weekly scale, the asset has gained more than 110%.

NEAR ($3.00) follows suit with a 22% pump. RENDER, VET ($0.02), DOT ($3.27), UNI ($6.07), LTC ($100.28), and WLD ($0.83) complete the double-digit price gainer club.

Many of the larger-cap alts have posted impressive increases over the past day as well. ETH is up by 5% to nearly $3,450, while XRP has reclaimed $2.30 after a 5.6% pump. BNB ($992.46) is close to $1,000, while DOGE ($0.18) has surged by more than 9%. ADA ($0.57), LINK ($15.62), SUI ($2.13), XLM ($0.29), and AVAX ($17.62) are also well in the green.

The total crypto market cap has recovered more than $100 billion daily and is up to $3.550 trillion now.

Cryptocurrency Market Overview. Source: QuantifyCrypto

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