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Bitcoin is trading around $101,540, down 2.8% in 24 hours and down 16% over the past month, with 60% dominance as altcoins gain ground amid November weakness.
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Key support is near $98,500, with resistance at $109,000, while year-to-date gains remain strong at 49% despite the recent pullback from highs of $126,000.
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The spot debut of BlackRock’s Bitcoin ETF on the ASX highlights institutional demand, but tariff uncertainty and cautious fund inflows have limited bullish momentum heading into 2026.
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Bitcoin (CRYPTO: BTC) dominance hovers around 60% as November trading turns choppy. Prices have fallen below $100,000, pushing down the broader crypto market and shifting attention to emerging altcoins that are holding up better.
Bitcoin’s pullback has investors wondering: Can it maintain market leadership or are altcoins ready to take over?
Bitcoin reached $126,000 three months ago. Since then, everything has gone downhill. The price plummeted to around $106,000 after the cryptocurrency flash crash in early October, recovered to $110,000-$115,000 in late October, and then fell again. BTC is now trading at $103,000 as of early November.
The numbers tell the story: Bitcoin is down 16% in 30 days. Fourth-quarter momentum has disappeared as brief rallies are sold. Long-term holders are still up 49% in 12 months, but the recent weakness worries traders.
Bitcoin’s market position continues to change. Price swings, liquidity movements and investor mood all play a role. It is still the largest cryptocurrency, but its market share continues to shrink. Here’s why:
The main problem: Bitcoin cannot stop falling. After reaching a high of around $126,000, it fell below $100,000. Each decline weakens confidence and pushes traders towards other assets. Traders are taking profits early or turning to digital assets with stronger short-term charts. Lower highs and new waves of selling have choked off new money. Capital is spreading throughout the broader crypto market.
Regulation and trade wars are hitting Bitcoin hard. Concerns about the Trump administration’s tariffs spooked risk markets, sparking selloffs in stocks, commodities and cryptocurrencies. Bitcoin, despite being called digital gold, got caught in the downdraft.
Stricter regulations in the United States and the European Union do not help. Compliance demands and delays in ETF approval have made institutional investors cautious. The big money flows have dried up. Profit taking picked up after the flash crash. Tariff fears and regulatory uncertainty have dented Bitcoin’s appeal as traders shifted to stablecoins or hedged with other assets.
