Bitcoin Hits New All-Time High above $106,000, But Altcoins Show Weakness

Bitcoin continues its record course and set a new all-time high overnight at just over $106,000. What is striking is that important altcoins such as XRP, Solana, Dogecoin and Cardano cannot follow the BTC rally.

Spurt to the end of the year: Bitcoin (BTC) confirmed its upward trend over the weekend and last night was quoted above $106,000 for the first time. Data sources such as CoinMarketCap and CoinGecko have recorded the new Bitcoin all-time high at around $106,400. This means that Bitcoin has recorded a weekly increase of around 6 percent and sets itself apart from popular altcoins such as XRP and Solana, which have slipped slightly into the red over the last seven days.

Dogecoin (DOGE) was hit particularly hard in this market environment . The number one meme coin lost a good 10 percent over the past week and DOGE is struggling to hold on to the psychologically important mark of $0.40. PR support from Elon Musk ‘s DOGE team seems to have been used up for the moment. All eyes are once again on Bitcoin.

Trump praises Bitcoin – MicroStrategy from today in the Nasdaq 100

Observers name the reasons that are keeping the Bitcoin rally going. The designated US President Donald Trump said on CNBC , “we are going to do something big with crypto” and hinted that he would continue to pursue plans for a state Bitcoin reserve. Our infographic shows: More and more countries are discussing national Bitcoin reserves as part of their monetary policy. If such ideas are implemented in reality, this should fuel demand for Bitcoin and thus strengthen the price curve.

Other cryptocurrencies cannot hope for such a special effect. While Bitcoin was pumping, it was not just Dogecoin that was losing. Solana also made a weekly loss of around 3 percent, Cardano (ADA) lost 5 percent, Tron (TRX) slipped 6 percent into the red and XRP (Ripple) was standing still. It had already become apparent a few days ago that the major altcoins are currently unable to keep up with Bitcoin’s momentum .

With Bitcoin, however, there was not only supportive words from Team Trump, but also a tangible development. MicroStrategy, as a pioneer with its BTC strategy, has worked its way into the Nasdaq 100 index, and the reallocations there will come into effect on Monday, according to the official announcement . This will force ETFs and other financial products that track the Nasdaq 100 to include MicroStrategy in their portfolios. MicroStrategy founder Michael Saylor indicates on X that his company is preparing further Bitcoin purchases or has already quietly made them.

Conclusion: Bitcoin in Christmas mode – XRP, DOGE and Co. in hibernation?

In the USA, it is Donald Trump himself who finds words of praise for Bitcoin almost every day. This means that BTC enjoys a special status and plans for a US reserve in BTC are already being cautiously priced in on the markets. In this situation, even US altcoins such as XRP (Ripple) , Solana and Cardano are struggling to keep up.

They have one week until Christmas to prove that the relative weakness is only a temporary phenomenon. From the Bitcoin perspective, the crypto year 2025 is coming to a spectacular end.

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(Featured image by Bastian Riccardi via Pexels)

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