Bitcoin reaches $104,000 mark

Bitcoin's dominance exceeded 57% in the last day, as the asset hit a record high of $104,000 on December 5. This information is provided by the trading social network TradingView.

Bitcoin's market share fell to a low of 54.7% on December 4 before its rebound.

"It was as if BTC was envious that altcoins were getting all the attention and wanted to remind everyone that it is still king," noted analysts from Income Sharks.

Last week, altcoins achieved a historic high for Binance Coin (BNB) and Tron (TRX), while Ripple Coin (XRP) broke its price record for the first time in seven years. Meanwhile, Bitcoin remained in consolidation around the $95,000 level, leading to a drop in the cryptocurrency's dominance. Everything changed when BTC surged into six-digit territory during trading on December 5.