After Bitcoin price crossed the $100,000 level, the crypto market rebounded, with most alternative digital currencies rising with it.
Currently, the price of Bitcoin was unable to maintain the $100,000 level and fell below this level, causing most alternative digital currencies to fall with it.
Despite Bitcoin's attempts to reclaim the $102,000 levels on Friday and $101,300 on Sunday evening, all attempts were rejected, leading to the price falling below $99,000 today.
Amid this decline, Bitcoin's market cap fell to $1.96 trillion, but market dominance rose to 52.1% as altcoins fell further.
As Bitcoin price retreats and the weekend gains come to an end, most altcoins have entered the red.
XRP was the weakest performer among major cryptocurrencies, falling more than 6% to below $2.4.
DOGE, TRX, SHIB, ADA, and XLM also saw similar losses.
As for DOT, it declined the most, followed by CRO, VET, FIL, and FET.
In the same context, Ethereum and Avalanche fell by 2% each, while SOL and BNB recorded a 4% decline.
The total market cap of cryptocurrencies has dropped by $100 billion since yesterday, to $3.75 trillion, according to CoinGecko data.
This decline reflects the state of caution prevailing in the market amid significant price fluctuations.
