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Bitcoin recently retreated from its all-time high of $123,288, now trading around $117,190. With Bitcoin dominance at 58.99%, the market is showing stronger control by BTC as altcoins lag behind.
Bitcoin dominance surged to 58.99%, indicating stronger market control.
BTC pulled back to $117,190 with support at $116,813, while resistance is now at $119,504–$120,000.
Altcoin futures open interest fell by 3.04%, while Bitcoin liquidations dropped by 69% to the lowest since July 2025.
Bitcoin news: BTC retreats from $123,288, with rising dominance over altcoins. Stay updated on market trends!
What is Bitcoin’s Current Market Position?
Bitcoin is currently trading around $117,190 after a significant pullback from its all-time high of $123,288. The Bitcoin dominance has risen to 58.99%, indicating a stronger market position compared to altcoins.
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How Does Bitcoin’s Dominance Affect Altcoins?
Bitcoin’s dominance impacts altcoins significantly. With the CMC Altcoin Season Index at 41, altcoins are lagging behind BTC. Despite Ethereum’s 5.95% weekly gain, Bitcoin’s market cap growth of 6.6% surpasses the 6.14% recorded by altcoins this month.
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Frequently Asked Questions
What are the key support and resistance levels for Bitcoin?
Key support for Bitcoin is at $116,813, while resistance is found between $119,504 and $120,000.
Why is Bitcoin’s dominance increasing?
Bitcoin’s dominance is increasing due to a higher market cap growth compared to altcoins, indicating stronger investor confidence in BTC.
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Key Takeaways
Bitcoin’s price action: Currently at $117,190, with support and resistance levels critical for traders.
Market dominance: Bitcoin dominance at 58.99% shows a shift towards BTC over altcoins.
Trader sentiment: Caution is evident with reduced liquidations and falling altcoin futures open interest.
Conclusion
In summary, Bitcoin’s current market position reflects a strong dominance over altcoins, with key support and resistance levels to watch. As the market evolves, traders should remain vigilant for potential breakout opportunities and shifts in investor sentiment.
BTC/USDT 4-hour price chart, Source: Michael van de Poppe on X
