Bitcoins price actions during the weekend hinted at a potential break out toward $100,000, but Monday started on the opposite corner, slumping to $95,000.

Many of the larger-cap alts are also in the red now, with SOL losing over 4% and DOGE dropping by 3%.

BTC Slides to $95K

Last week saw quite a few fluctuations for the primary cryptocurrency, with the bears taking control at the start and dumping the asset to under $91,000 on Tuesday. After that, though, the bulls took charge and initiated a few consecutive leg-ups that resulted in bitcoin exploding above $97,000 on Wednesday and nearing $99,000 on Friday.

However, the cryptocurrency failed to maintain its run and retraced during the weekend by a few grand. The Monday morning Asian trading session saw a brief price surge to over $98,000, but BTC was quickly and violently rejected.

In the following hours, the asset slumped by over three grand and slipped below $95,000 for the first time since Friday. This came amid reports that a few whales had deposited large quantities of BTC to exchanges, potentially to secure some profits.

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Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! Bitcoins current price tag means that its market cap has dropped below $1.9 trillion, and its dominance over the alts is down to 53.2% on CG.

Bitcoin/Price/Chart 2.12.2024. Source: TradingView

XRP, HBAR on Another Planet

Most larger-cap alts have followed BTCs example with some price drops. Such examples are ETH (-2%), SOL (-4.3%), BNB (-2.6%), DOGE (-3%), and TON (-4%).

In contrast, ADA, XLM, AVAX, LTC, and LINK have all posted gains of up to 17% in the Litecoin case.

However, the day belongs to XRP, which is up by 22% since yesterday. Moreover, it tapped $2.5 earlier today to mark a new multi-year high and briefly became the third-largest cryptocurrency.

HBAR is another mindblowing gainer, having surged by over 26% and trading close to $0.25.

The total crypto market cap, though, has declined by about 2.5% in a day and sits below $2.550 trillion now.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

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Cryptocurrency charts by TradingView.