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

bitcoin-four-minute-instant-guide-explainer" target="_blank" class="sc-adb616fe-0 bJsyml" rel="nofollow">Bitcoin popped back above the $100,000 mark Monday morning, but the six-figure position didn’t last for long: The price of the leading cryptocurrency has fallen below $97,000 as of this writing, with other major assets falling alongside.

dogecoin-crypto-cryptocurrency-guide-how-to-buy-doge" target="_blank" class="sc-adb616fe-0 bJsyml" rel="nofollow">Dogecoin and XRP are the biggest daily losers in the top 10 coins by market cap, each falling by approximately 8% over the past 24 hours, per data from CoinGecko. Bitcoin is down by 3% at a current price of $96,880.

DOGE, the original and most valuable meme coin by market cap, is cooling off after hitting a three-year high price of $0.48 over the weekend. It’s now priced at $0.428, still up nearly 1% on the week despite the latest slide.

Meanwhile, the Ripple-linked XRP has seen a downward slide over the last six days after setting a seven-year high price of $2.82 last Tuesday. It’s now priced at $2.38.

While down 14% over the past week, XRP has still had an incredible month, surging by 333% over the past 30 days. Dogecoin is up 106% during that span, while Bitcoin has risen 27% in the same window of time.

Bitcoin rose to an all-time high mark of $103,679 last week after hitting the $100K milestone for the first time ever. The current all-time high mark is approximately $30,000 higher than the peak that was broken on Election Day last month as Donald Trump secured a second term in the White House.

Solana has dipped nearly as much as DOGE and XRP, down 6% over the last day at a current price of just under $222, per CoinGecko. Ethereum has dipped by 5%, falling to $3,786.

Looking outside the top 10 coins by market cap, other major cryptocurrencies like Avalanche (AVAX), Shiba Inu (SHIB), Chainlink (LINK), and Polkadot (DOT) are all down approximately 9% apiece over the last day.

Amid the decline, liquidations of long and short positions have tallied $620 million over the past 24 hours, per data from CoinGlass, with Bitcoin leading the charge with about $86 million in liquidations.