Bitcoin is nearing the $98,000 threshold with a fractional advance today. At the same time, Ethereum, Dogecoin and some other cryptocurrencies have seen minor losses. The global cryptocurrency market capitalization experienced a slight decline, despite Bitcoin dominance hitting a one year peak. Investors are keeping a watchful eye on all this market activity to see what might happen next in the ever-changing world of crypto.

At 9:00 p.m. ET, Bitcoin's price stood at $98,018.94, reflecting a 0.53% increase. Meanwhile, Ethereum declined by 0.89% to $1,830.59. Dogecoin made a little backward movement too, moving down by 0.88%, with a trading value of Dogecoin at $0.1721.

A handful of altcoins managed to go against that bearish tide, logging significant increases. Eos (EOS) surged by 16.78% to reach $0.8168 as of 8:30 p.m. ET. Stacks (STX) was the top gainer, up 9.62% to $0.892. Zcash (ZEC) was the biggest gainer today, achieving a 5.10% rise as its price reached $40.32.

The total global cryptocurrency market capitalization is at $3 trillion. That being said, it still experienced a 0.20% contraction in the last 24 hours. Bitcoin’s market dominance hit a yearly high of 64.4%. This recent jump is a testament to its ongoing power and popularity within the crypto space, even during a bullish correction upwards.

Traders and analysts are tracking these trends very closely to get a sense of where the market is heading next and where ideal investment opportunities may lie. The varying performance among the over 1,900 cryptocurrencies implies an exciting market climate in which there may be considerable divergence of asset performance.