
Hold onto your hats, crypto fans, because the rollercoaster ride continues! The entire crypto market cap has taken a dip, now lounging just shy of the $3.8 trillion mark.
Our main character, Bitcoin, had a thrilling ascent to a fresh multi-week high, brushing against the $103,000 ceiling before the market decided to play a game of limbo, nudging it back down by about $1,000.
Altcoins, on the other hand, seem to have had a rough 24 hours, with Bitcoin flexing its muscles and gaining more dominance. The beginning of the week wasn't kind to Bitcoin either, with some dramatic price rejections on Monday and Tuesday, sending it tumbling to $94,400. But fear not, Bitcoin enthusiasts! The bulls rallied, and by Thursday, Bitcoin was knocking on the door of the six-digit club once more.
Not only did Bitcoin break through, but it also rocketed to $102,000 on Friday and Saturday. It even made a daring dash towards $103,000. Alas, it couldn't quite cross that line, and it's now chilling just under $102,000. Still, its market cap is strutting around at over $2 trillion.
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Meanwhile, Bitcoin's dominance is on an upward trend, strutting its stuff at over 53%. Altcoins tried their best to shine over the weekend, but many hit a wall, suffering some daily bruises. Ethereum and Ripple took a 2% tumble, with Ethereum struggling below $3,900 and Ripple holding at $2.4.
Other altcoins like ADA, DOGE, BNB, and SOL have seen drops up to 5%, but Tron, Avalanche, Polkadot, and SUI seem to have taken a steeper slide, some as much as 8%.
In the grand scheme, the total market cap of all crypto assets has shrunk by about $70 billion in a day, settling below the $3.8 trillion mark. But hey, that's just another day in the thrilling world of crypto!