Dogecoin, XRP and Solana Slide as Bitcoin Price Falls Below $97K – Decrypt

Bitcoin rallied sharply above the $100,000 level on Monday morning, but the six-digit position did not last long. The price of the major cryptocurrency is below $97,000 as of this writing, and other major assets are falling as well.

According to data from CoinGecko, Dogecoin and XRP had the highest daily decline rates among the top 10 coins by market capitalization, each down about 8% in the past 24 hours. Bitcoin has fallen 3% and its current price is $96,880.

DOGE, the original and most valuable meme coin by market capitalization, has cooled down after hitting a three-year high of $0.48 over the weekend. The current price is $0.428, still up nearly 1% this week despite the latest drop.

Meanwhile, Ripple-linked XRP has fallen over the past six days since hitting a seven-year high of $2.82 last Tuesday. Current price is $2.38.

Although XRP is down 14% over the past week, it is still having an incredible month, surging 333% in the past 30 days. Dogecoin rose 106% during that period, while Bitcoin rose 27% during the same period.

Bitcoin rose to an all-time high of $103,679 last week after reaching the $100,000 milestone for the first time in its history. The current high is about $30,000 higher than the high it broke on Election Day last month, when Donald Trump secured a second term in the White House.

According to CoinGecko, Solana has fallen almost as much as DOGE and XRP, dropping 6% from the previous day and currently trading at just under $222. Ethereum fell 5% to $3,786.

Looking beyond the top 10 coins by market capitalization, other major cryptocurrencies such as Avalanche (AVAX), Shiba Inu (SHIB), Chainlink (LINK), and Polkadot (DOT) are all down about 9% each from the previous day. did.

Amid the decline, the liquidation of long and short positions reached $620 million in the past 24 hours, according to the data. coin glassBitcoin led the way with approximately $86 million in liquidations.