Is Bitcoin’s Dominance Slipping as Altcoins Gain Steam?

Core Insights - Bitcoin's dominance is around 60% as it faces price volatility, trading at approximately $101,540, down 2.8% in 24 hours and 16% over the past month, raising questions about its market leadership against emerging altcoins [2][3][5] Price Performance - Bitcoin's price has seen a significant decline from a peak of $126,000 three months ago, currently trading at $103,000 as of early November, with key support near $98,500 and resistance at $109,000 [4][5] - Year-to-date gains remain strong at 49%, despite the recent pullback [3][5] Market Dynamics - Bitcoin's market position is shifting due to consecutive price drops, which weaken investor confidence and lead traders to seek other assets [7] - Regulatory pressures and tariff uncertainties are impacting Bitcoin's appeal, with stricter rules in the U.S. and EU causing institutional investors to be cautious [8][9]