Altcoins Suffer Significant Losses as Bitcoin (BTC) Drops Below $90K Support: A Weekend Recap

Bitcoin's price declined sharply from above $92,000 to around $88,000, forcing a majority of altcoins, including ZEC and CC, to follow suit. The largest cryptocurrency initially recovered after the November crash and stood above $91,000. However, the bearish trend returned, causing a rapid drop to just under $84,000. Although it rebounded quickly, Bitcoin remained below $90,000 and saw its market capitalization drop to $1.8 trillion, with dominance over altcoins above 57%. Ethereum, XRP, SOL, ADA, LINK, HYPE, DOGE, and XLM all recorded losses of up to 5%, while SUI, ENA, PEPE, UNI, and DOT fell by 6-7%. The total crypto market capitalization fell by $60 billion in a day, settling at $3.130 trillion.