Bitcoin, Ethereum, XRP, Dogecoin Sink After Quiet Weekend: Analyst Anticipates BTC To Reach $100,000 In December
Leading cryptocurrencies declined overnight on Sunday, erasing the gains made earlier in the week.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -3.86% | $87,506.07 |
| Ethereum (CRYPTO: ETH) |
-5.13% | $2,853.06 |
| XRP (CRYPTO: XRP) | -5.60% | $2.08 |
| Solana (CRYPTO: SOL) | -5.52% | $128.77 |
| Dogecoin (CRYPTO: DOGE) | -6.05% | $0.1400 |
Cryptos End November Lower
Bitcoin caught the Monday blues, dropping to $87,000 overnight after holding steady through the weekend. Curiously, the decline came after a brief morning move past $91,000.
The sharp decline sent ripples through the rest of the market, as Ethereum also descended from $3,000 to the mid-$2,800s.
Bitcoin and Ethereum were both poised to close November with declines, falling 17.49% and 22.38%, respectively, marking a stark reversal compared to the strong gains in November 2024 and 2023.
Cryptocurrency liquidations hit $539 million in the last 24 hours, according to Coinglass, with $473 million in long positions alone wiped out.
Bitcoin’s open interest fell …
About The Author
