BTC (BTC) falls below $94,000, Ripple (XRP) falls towards $2

The highly anticipated Santa Claus rebound is nowhere to be found, BTC continues to depreciate, falling below $94,000.

Most altcoins are also in a state of loss, with XRP falling 6% and XLM closely following.

BTC failed to recover

From a micro perspective, the ending of 2024 is not particularly optimistic. The asset began to fall on December 17th, when its price exceeded $108,000. In just three days, it lost about $16,000 and fell to $92,000.

The bulls prevented this move and helped prevent further fall below $90,000. In fact, BTC started to regain some lost ground and soared to $100,000 several times, but to no avail. The last time this happened was on December 26th when BTC touched that line but was quickly rejected again.

Subsequent falls pushed it to a low point, and weekend assets fell to $95,000. However, the situation worsened in the past 24 hours, falling further to $93,000. Despite bouncing back from this level, BTC is still down over 1% for the day.

Its market value on CG has fallen below $1.86 trillion, accounting for 54% of the dominance of altcoins.

XRP continues to fall

Most altcoins are experiencing losses again today. This trend is led by XRP, which continues to fall, and is now approaching the $2 mark. If it falls below this level, analysts expect it to fall significantly again to $1.

XLM also fell significantly from the large-cap altcoins, falling nearly 5% in value, with a trading price well below $0.35. BINA, SOL, DOGE, ADA, TRX, AVAX, LINK, TON, SUI, and many other currencies are also in a state of loss, although not as severe.

Since yesterday, the total market cap of cryptocurrencies has lost another $60 billion, and it has dropped to $3.43 trillion on CG.