In summary
- Bitcoin fell to $96,880 after reaching an ATH of $103,679 last week, leading a pullback in the crypto market.
- Dogecoin and XRP, the biggest losers of the day, are down 8%, although maintaining strong monthly gains.
- Crypto liquidations totaled $620M in 24 hours, with Bitcoin leading with $86M, according to CoinGlass.
On Monday, Bitcoin rose back above the $100,000 mark, but the six-figure position didn’t last long: The price of the leading Cryptocurrency has fallen below $97,000 as of this writing, with other major assets falling to the par.
Dogecoin and Bitcoin is down 3% to a current price of $96,880.
DOGE, the original and most valuable memecoin by market cap, is cooling off after hitting a three-year high price of $0.48 over the weekend. It is now priced at $0.428, still up almost 1% on the week despite the latest drop.
Meanwhile, Ripple-pegged token XRP has seen a downward trend over the past six days after setting a seven-year high price of $2.82 last Tuesday. It is now priced at $2.38.
Although it is down 14% in the last week, XRP has still had an incredible month, rising 333% in the last 30 days. Dogecoin is up 106% during that period, while Bitcoin is up 27% in the same time frame.
Bitcoin hit an all-time high of $103,679 last week, after hitting the $100,000 milestone for the first time.
On the other hand, Solana has fallen almost as much as DOGE and XRP, down 6% in the last day to a current price of just under $222, according to CoinGecko. Ethereum is down 5%, to $3,786.
Other major cryptocurrencies like Avalanche (AVAX), Shiba Inu (SHIB), Chainlink (LINK), and Polkadot (DOT) are down about 9% each over the past day.
Amid the decline, liquidations of long and short positions have totaled $620 million in the last 24 hours, according to data from CoinGlass, with Bitcoin leading with approximately $86 million in liquidations.
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