Bitcoin price drops to $96K after hitting $98K high

• Bitcoin today falls back to $96 after recent high
• BTC dominance over altcoins reaches 64%
• Cryptocurrency market still exceeds $3,1 trillion

The price of Bitcoin (BTC) is down 1% this Saturday, May 3, 2025, trading at US$ 96.148,60. The decline comes after the asset reached a new multi-month high the previous day, rising close to the US$ 98.000 mark, but failing to break the psychological barrier of US$ 100.

Over the past week, Bitcoin has shown signs of strength, rising rapidly from $84.000 to over $90.000 in just two days. The bullish momentum continued until April 25, when BTC hit $96.000, its highest price in two months. Since then, the cryptocurrency has faced resistance, consolidating between $93.000 and $96.000 until breaking out of that range on Thursday.

Despite the recent optimism, the advance has lost momentum. After peaking at $98, bears have once again taken control in the short term, forcing a pullback to the current level. Despite the slight correction, BTC's market capitalization remains above $1,91 trillion, and dominance over altcoins has reached almost 62%, reaching 64% on other data platforms, raising expectations of a possible upward movement among alternative cryptocurrencies.

Among altcoins, most also operated in the red in the last 24 hours. Ethereum (ETH), XRP, Dogecoin (DOGE), Solana (SOL), Cardano (ADA), SUI, Chainlink (LINK) and Stellar (XLM) showed slight retractions. The biggest losses were with Avalanche (AVAX) and PEPE, both falling 3%.

On the other hand, some cryptos broke the negative trend. The TRUMP, KAS and FLR tokens appreciated between 3% and 4%, while VIRTUAL registered a significant increase of more than 6%, returning to trading above US$ 1,70.