“Bitcoin’s Shocking Plunge Below $100K — But It’s What Dogecoin and PEPE Did Next That Has Everyone Talking!”

Bitcoin Battles $100K as Market Volatility Reigns; PEPE and Dogecoin Shine

By [Hezekiah], Inspired by Robin Wigglesworth’s Style

BTC Dances Around $100K After Historic Surge

Bitcoin’s march to the much-anticipated $100,000 milestone has been nothing short of dramatic. Following a meteoric rise fueled by market euphoria after Donald Trump’s decisive victory in the U.S. presidential election, the flagship cryptocurrency leapt from under $70,000 to nearly $100,000 within weeks.

Last Thursday, Bitcoin finally breached the elusive six-figure mark, setting a new all-time high at just under $104,000. But as is often the case in crypto, triumph was short-lived. Bears regained control, triggering a rapid sell-off that shaved over $10,000 off BTC’s price in mere hours, sending it down to $92,000 on most exchanges.

The sell-off liquidated a slew of over-leveraged positions, effectively clearing the path for another rally. By Friday evening, Bitcoin had staged a comeback, reclaiming $102,000. Yet, momentum stalled, and BTC has since dipped back below the $100K threshold, currently hovering at around $98,000.

At present, Bitcoin’s market cap stands at $1.96 trillion, while its dominance in the broader crypto market has steadied at 51.4%, reflecting a cooling of its recent supremacy over alternative cryptocurrencies (altcoins).

Altseason Buzz: PEPE Hits ATH, Dogecoin Climbs Back to Glory

While Bitcoin’s battle for $100K stole the spotlight, altcoins had their own show to run. The much-hyped “altseason” narrative made waves on social media platform X (formerly Twitter), as several notable altcoins posted significant gains.

PEPE was the star performer. The meme-inspired token surged 20% at one point, notching a fresh all-time high (ATH) of over $0.000026. The rally has sparked chatter about PEPE’s potential to displace SHIB as the top “meme coin” by market cap.

Dogecoin (DOGE), a name synonymous with meme coin mania, staged a striking comeback. The original “joke” currency climbed to nearly $0.50, a level it hadn’t touched in over three and a half years. The move rekindled enthusiasm in the DOGE community, which has long awaited a return to former highs.

Meanwhile, Shiba Inu (SHIB) stayed in the green, despite murmurs of a looming battle with PEPE for meme coin dominance.

XRP, after several days of declines, has reversed course with a 4.5% rally, propelling it above $2.50. The broader large-cap altcoins, however, exhibited far less volatility, as market participants focused on the headline-grabbing moves of the more speculative tokens.

Total Crypto Market Cap Dips Slightly

The total cryptocurrency market cap has seen a modest retracement, dropping by approximately $40 billion since Saturday. It now stands at $3.82 trillion, according to CoinGecko (CG) data.

Despite Bitcoin’s inability to hold $100K, market sentiment remains buoyant, driven by the resurgence of the altcoin market and the tantalizing possibility of a sustained “altseason.” Investors will be watching closely to see if BTC can reclaim six figures in the coming days or if further consolidation is in store.

Final Takeaway

The crypto market finds itself at a pivotal moment. Bitcoin’s flirtation with $100K is symbolic, but the real action might just be in the altcoin arena. As PEPE and DOGE capture headlines, the market’s next major move could come from an unexpected corner. One thing is certain: volatility is back, and the eyes of the financial world are once again fixated on crypto’s every move.

Stay tuned for more updates on Bitcoin, altcoins, and the ever-shifting tides of the crypto market.