Bitcoin, Dogecoin and XRP Rebound After BTC Falls to Lowest Price in a Month

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Decrypt
12-31

Bitcoin could be in a position to finish the year on an upswing following a post-Christmas decline that took the price of the leading crypto asset to its lowest price in more than a month.

The price of BTC dipped as low as $91,816 on Monday, per data from CoinGecko, which is the lowest price seen on its 30-day chart. Looking back slightly further, the last time Bitcoin touched that mark was on November 26, ahead of a surge that would ultimately take the asset to its current all-time high mark of $108,135 on December 17.

As of this writing, Bitcoin has rebounded, rising over 4% in the last day to a current price of $95,639. And as Bitcoin goes, so too do other major assets, which are similarly showing gains over the past day.

XRP, for example, has risen nearly 6% over the past day to a current price of $2.13 after falling as low as $2.01 on Monday. Even down from a 7-year peak price of $2.82 set earlier this month, XRP has marked a 240% surge over the course of 2024.

Dogecoin (DOGE) is also up more than 6% on the day at a current price of $0.327. It's a similar story to XRP: While down substantially from a recent peak of $0.48—a three-year high for the leading meme coin—DOGE has jumped by 262% this year. Long-term holders have benefited hugely, even if there's been serious short-term volatility.

Solana is another big gainer in the top 10 today, up a firm 6% at a price of nearly $198. It's now down 25% since setting a new all-time high price mark of $263 in November, but has still gained by nearly 92% in 2024.

The biggest gainer in the top 100 over the past day is AI16z—a Solana token tied to the increasingly buzzy AI agent phenomenon—which has continued pushing to all-time highs in recent days. It's up 38% to a current price of $1.82.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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