As the New Year Begins, There is a Correction in BTC, ETH, SOL Coin and These 24!

Bitcoin rose to $96,000 in a short time, but quickly lost value and is currently trading around $93,000. Other altcoins are also experiencing declines. Ethereum fell below $3,400, SOL fell to $190, and ADA fell to $0.85. While Bitcoin's market value fell to $1.850 trillion, its dominance over altcoins continues at 54.3%. While altcoins such as Chainlink, SUI, HBAR, and APT experienced larger losses, XRP showed a small increase. Here are the details...

Bitcoin Drops from $96,000: ETH, SOL and Other Altcoins Drop
Bitcoin quickly lost value after reaching $96,000, dropping several thousand dollars in a matter of hours to $93,000. Ethereum fell below $3,400, SOL fell to $190, and ADA fell to $0.85. Bitcoin ended the year unexpectedly by falling from its all-time high of $108,300 to $92,000 in a matter of days in mid-December. Initially trying to approach $100,000, Bitcoin was thwarted by the bears and could not break through that level.

Bitcoin continued to lose value in the following days, falling to $91,300 on Monday, its lowest level in the last month. However, the bulls managed to stop the movement, taking Bitcoin to $95,000 and $96,000 on Tuesday. However, this increase was also short-lived, and Bitcoin lost about $3,000 and is currently trading at $93,000. While the market value has fallen to $1.850 trillion on CoinGecko, Bitcoin's dominance over altcoins continues strongly at 54.3%.

Altcoins Continue to Fall
Altcoins did not perform well in the last days of 2024, and the beginning of the new year did not bring any major changes. Ethereum lost about 2% and fell below $ 3,400. Similarly, other altcoins such as SOL, DOGE, ADA, AVAX, TON, and DOT also saw price declines. Altcoins such as Chainlink, SUI, HBAR, and APT experienced even greater losses. Chainlink experienced a decline in price, falling by 5% and falling below $ 20.

In contrast, XRP saw a small increase after a difficult week, while tokens like VIRTUAL, OM, and XMR gained 5-7%. The total crypto market cap lost around $30 billion, falling to $3.4 trillion on CoinGecko.