Bitcoin’s (CRYPTO: BTC) dominance sits around 60% as November trading turns choppy. Prices have dropped below $100,000, pushing the broader crypto market lower and shifting attention toward emerging altcoins that are holding up better.

Bitcoin’s Three-Month Price Performance

Bitcoin hit $126,000 three months ago. Since then, it’s been mostly downhill. The price crashed to about $106,000 after the crypto flash crash in early October, bounced back to $110,000-$115,000 by late October, then fell again. BTC now trades at $103,000 as of early Novermber.

The numbers tell the story: Bitcoin has dropped 16% in 30 days. Q4 momentum is gone as brief rallies get sold. Long-term holders are still up 49% over 12 months, but recent weakness has traders worried.

What’s Driving Bitcoin’s Market Position

Bitcoin’s market position keeps shifting. Price swings, liquidity moves, and investor mood all play a role. It’s still the biggest cryptocurrency, but its market share keeps shrinking. Here’s why:

1. Consecutive Price Drops

The main problem: Bitcoin can’t stop falling. After peaking around $126,000, it tumbled below $100,000. Each drop weakens confidence and pushes traders toward other assets. Traders are taking profits early or rotating into digital assets with stronger short-term charts. Lower highs and fresh selling waves have choked off new money. Capital is spreading out across the broader crypto market.

2. Regulatory Pressure and Tariff Uncertainty

Regulation and trade wars are hitting Bitcoin hard. Worries about Trump administration tariffs spooked risk markets, triggering sell-offs in stocks, commodities, and crypto. Bitcoin, despite being called digital gold, got caught in the downdraft.

Stricter rules in the U.S. and European Union aren’t helping. Compliance demands and ETF approval delays have made institutional investors cautious. Big money flows have dried up. Profit-taking picked up after the flash crash. Tariff fears and regulatory uncertainty have dented Bitcoin’s appeal as traders moved to stablecoins or hedged with other assets.

3. Rise of Altcoins

Altcoins are eating into Bitcoin’s dominance. Lately, alternative cryptocurrencies (especially those tied to DeFi, AI, and layer-2 projects) have attracted serious interest. These coins move quicker and offer bigger short-term gains, siphoning liquidity from Bitcoin.

As portfolios diversify, Bitcoin’s share of total crypto market value slides. More investors are branching out instead of sticking with Bitcoin. This ongoing shift has weakened its market position.

How Bitcoin Can Regain Market Dominance

Bitcoin has given up ground, but several trends could help it reclaim the top spot:

1. Renewed Institutional Confidence

Stronger institutional buying could flip the script. BlackRock’s ETF launch on the ASX and expanding spot ETFs worldwide signal institutional infrastructure is growing. If regulatory clarity arrives and the macro environment settles down, institutional money could pour back in, boosting Bitcoin’s liquidity and restoring its leadership.

2. Clearer Global Regulation

Potential U.S. crypto rules and Bitcoin’s classification as a CFTC commodity could deliver the stability investors want. Clear rules would cut uncertainty, pull capital back into Bitcoin, and separate it from altcoins. A stable regulatory setup would make Bitcoin the safest, most compliant digital asset, helping it win back market dominance.

Bitcoin Price Outlook for 2026

Here are the bullish, base, and bearish scenarios for Bitcoin heading into 2026.

Bullish Scenario

If institutional money flows back through spot ETFs, regulatory clarity improves, and Bitcoin gets recognized as a CFTC commodity, confidence could return fast. Fresh liquidity and stronger risk appetite could push Bitcoin to $120,000-$130,000, cementing its leadership and expanding its dominance.

Base Scenario

If markets stay mixed, with moderate institutional activity and cautious trading, Bitcoin will likely range between $100,000 and $115,000. This would reflect consolidation—neither bullish nor bearish—as investors wait for clearer signals from global economic and policy events.

Bearish Scenario

Bitcoin could slide further if regulatory uncertainty grows, geopolitical tensions heat up, or another sell-off hits. BTC could drop to the $90,000-$95,000 range, mirroring risk aversion and deeper market uncertainty.

The Bottom Line

Bitcoin’s recent performance shows a cooling period, not an extended downtrend. Volatility remains high, but Bitcoin’s institutional support, global adoption, and traditional finance integration ensure it remains at the heart of the digital assets market, regardless of short-term swings.