Whoa, what a whirlwind in the crypto world! The market's been on a rollercoaster ride, shedding a whopping $100 billion just in a day. Bitcoin had a brief moment of glory, soaring past $101,000, but it looks like the bears weren't ready to let it shine. They swooped in, nudging Bitcoin back down a couple of grand.
The altcoin scene isn't any prettier today. After enjoying a sweet weekend, they're now painting the town red. XRP and DOGE are among the biggest heartbreakers, struggling to keep their heads above water.
Last week, Bitcoin had a spectacular breakthrough, dancing into the six-figure club thanks to some major action around the U.S. spot Bitcoin ETFs. It even hit a jaw-dropping all-time high of $103,650 in a single day! But alas, the bears crashed the party, and Bitcoin took a dive, losing over $10,000 in just a few hours. It did attempt a comeback over the weekend, reaching highs of $102,000 on Friday and $101,300 on Sunday, but those pesky rejections kept pulling it down.
Now, Bitcoin is playing it cool, hanging just below $99,000 after a bit of a slip today. Its market cap has taken a hit, dropping to $1.960 trillion, but it's still flexing some muscle with a dominance of 52.1% over the altcoins.
While many altcoins were living it up over the weekend, they're now in retreat mode. XRP has taken a nosedive, losing over 6% and slipping below the $2.4 mark. DOGE, TRX, SHIB, ADA, and XLM are singing a similar blues tune.
DOT's taken an even harder fall, joining CRO, VET, FIL, and FET in the downward spiral. Ethereum and Avalanche are down by 2%, while SOL and BNB have taken a 4% hit.
In total, the crypto market cap has shrunk by about $100 billion since yesterday, now standing at $3.750 trillion. Keep your eyes peeled, folks—this crypto saga is far from over!
