Dogecoin Tapped New 3.5-Year Peak, Bitcoin Price Slips Below $100K (Weekend Watch)

Headline: Bitcoin Price Hovers Near $100K, Altcoins Surge and Retrace

Body:

Bitcoin's ascent towards the elusive $100,000 milestone has temporarily stalled, with the price now hovering just below that level. Despite an impressive rally following US election results, Bitcoin has encountered resistance in breaking into six-figure territory.

Meanwhile, altcoins have exhibited remarkable gains, including Dogecoin (DOGE), which surged to a multi-year high. However, these gains have since been partially retraced.

Bitcoin Price Analysis:

Bitcoin's journey above $100,000 was met with a sharp rejection, sending it back into the $90,000 range. After regaining some momentum, it climbed to $102,000 before encountering resistance again. As of now, Bitcoin trades slightly below $100,000.

Altcoin Performance:

Altcoins have experienced a resurgence, with PEPE (PEPE) reaching an all-time high of $0.000026. Dogecoin also rallied, approaching $0.5 for the first time in years. Shiba Inu (SHIB) remains in the green despite concerns about potential competition from PEPE. XRP has reversed recent losses with a 4.5% surge to trade above $2.5.

Market Summary:

The total cryptocurrency market capitalization has slightly decreased since yesterday, now standing at $3.820 trillion. Bitcoin's market dominance has stabilized around 51.4%.