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Cryptocurrency markets continued to be wildly volatile over the weekend after Bitcoin fell below $94,000 on Friday, its biggest drop in six months, before stabilizing near $96,000.
This decline came after the price failed to maintain the previous support level of $98,000.
The price of Bitcoin started at $111,000 in November but quickly lost that level before trying to recover early last week, reaching over $107,000 after President Trump made statements about ending the government shutdown crisis and imposing new tariffs.
However, this rise was short-lived and selling pressure has once again plagued the market, leading to the recent decline.
Bitcoin’s market capitalization has fallen to approximately $1.91 trillion, and its dominance over other digital currencies remains at approximately 57.3%.
Unlike most major cryptocurrencies, such as ETH, XRP, SOL, BNB, DOGE, and ADA, which fell sharply, ZEC emerged as the biggest surprise on the market.
It unexpectedly rose over $700 and then fell to $640, but still recorded a daily gain of more than 21%.
LTC and XMR also showed positive performance in the daily range.
Although the rebound was limited, the total cryptocurrency market capitalization fell by approximately $200 billion in a few days, eventually falling to just under $3.30 trillion.
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