\n\t\t\t\t\t\t\t\t\tThe total crypto market cap dipped below $3 trillion today again.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
December starts with a bang, but in the wrong direction, as bitcoin dumped once again by several grand in the span of just a few hours without an apparent catalyst.<\/p>\n
The altcoins have followed suit, with ETH losing the $3,000 and $2,900 levels, while XRP found some support at $2.00.<\/p>\n
BTC Drops Below $86K<\/h2>\n
The primary cryptocurrency bottomed at $80,500 on November 21 and began a gradual recovery in the following ten days. It bounced to $84,000 during that weekend and surged to $88,000 by Wednesday. Although it was stopped there at first, it managed to break through and even reclaimed<\/a> the $90,000 resistance as the trading week came to an end.<\/p>\n The bulls kept the pressure on last Friday when they drove bitcoin to a 7-day peak of over $93,000. The overall market sentiment started to change as many anticipated another rally toward $100,000. That, however, has turned out to be a distant dream<\/a>, at least for now.<\/p>\n Bitcoin was immediately rejected at $93,000 and driven to around $91,000, where it spent most of the weekend until the early hours of the Asian trading session. At the time, BTC started to nosedive rapidly and dumped to under $86,000 for the first time in several days.<\/p>\n Although it has recovered around a grand since then, BTC is still 5% down on the day. Its market cap has slipped to $1.730 trillion, while its dominance over the alts is above 57%.<\/p>\n The altcoins are deep in the red today as well. ETH has dropped by over 5% and now struggles below $2,850. XRP is down<\/a> by almost 7% and sits beneath $2.05. BNB, SOL, DOGE, ADA, LINK, and HYPE have marked even more violent declines of up to 8%.<\/p>\n ZEC continues with its recent correction. Another 19% drop has driven it to $365. Recall that the asset flew past $700 not so long ago. RAIN is the only exception from the larger-cap alts. It\u2019s up by over 12% and trades above $0.008.<\/p>\n The cumulative market cap of all crypto assets has shed nearly $200 billion in a day and stands around $3 trillion as of now.<\/p>\n \u00a0<\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nAlts With Big Declines<\/h2>\n
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