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

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 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.