Bitcoin could potentially end the year on a positive note after experiencing a decline following the Christmas holiday. The leading cryptocurrency saw its price drop to the lowest level in over a month, reaching $91,816 on Monday, according to data from CoinGecko. The last time Bitcoin reached this level was on November 26 before it surged to its current all-time high of $108,135 on December 17.
At the time of writing, Bitcoin has rebounded, increasing by over 4% in the past day and reaching a price of $95,639. Other major cryptocurrencies have also shown gains in the past day, following the trend of Bitcoin.
XRP, for instance, has risen by nearly 6% in the past day and is currently priced at $2.13, after dropping to as low as $2.01 on Monday. Although XRP is down from its recent peak price of $2.82 earlier this month, it has experienced a significant surge of 240% throughout 2024.
Dogecoin (DOGE) has also seen a 6% increase in price, reaching $0.327. Similar to XRP, DOGE has decreased from its recent peak of $0.48, which was a three-year high for the popular meme coin. However, DOGE has still recorded a substantial jump of 262% this year, benefiting long-term holders despite short-term volatility.
Sol