The price of the digital currency ZEC continues to fluctuate, and the price of Bitcoin stabilizes below the $100,000 level

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.

Also read:

Ethereum price drops 10%, Bitcoin price falls below $100,000 level

Ripple ETF (XRPC) After Successful Launch: Here’s What Happened on Day One