Bitcoin (BTC) price touched $98K, Ethereum (ETH) looks $3.4K: Market Watch

HASH is up the most today against the bigger alts, followed by ICP.

Altcoin dominance has increased over the same time frame as most altcoins have failed to double their recent gains. Nevertheless, ETH is still well above $3,350, targeting $3,400.

BTC Dominance Pumps

Following last week’s price surges, which pushed BTC from under $90,000 to nearly $95,000 within days, the cryptocurrency’s advance was halted and it fell below its starting point. However, the bulls quickly intercepted the move and helped bitcoin regain the $90,000 support.

There were several attempts to break out. Although it failed at $92,000 the first few times, it finally regained that level on Tuesday, rising to $96,500. The bears stepped up at this point, taking the price below $94,500, but BTC quickly accelerated.

On Wednesday evening, the price shot up again by several thousand dollars, reaching $98,000 for the first time since mid-November. This happened despite growing geopolitical tension. Although it was halted there, it currently stands at $97,000 with an increase of 2.2% in the past day.

The market cap on CG has risen to $1.940 trillion, while the dominance on the alts has grown to 57.5%.

ETH eyes $3.4K

Ethereum has also charted a daily increase, even if it is more modest than that of BTC. It is up 1% and is above $3,350, with analysts expecting another rise towards and above $3,400. BNB, TRX, XMR and BCH are also slightly in the green, while XRP, DOGE, ADA, LINK and XLM have fallen over the past day.

HYPE, LTC, HBAR, TAO and CC are also in the red, while RAIN and ICP have become the top performers among the larger caps. HASH stole the show and is up 20%.

The total crypto market cap added another $40 billion overnight, reaching $3.370 trillion on CG.