Bitcoin experienced a sharp decline over the weekend, dropping from $98,500 to as low as $95,500 on Sunday, marking a more than 3.5% decrease at its peak. This sell-off was mainly attributed to profit-taking as traders reacted to Bitcoin nearing the $100,000 mark. The volatility resulted in over $500 million in futures liquidations, impacting primarily smaller altcoins and midcap tokens. While XRP and Dogecoin (DOGE) saw losses exceeding 5%, other major cryptocurrencies like Solana, Ethereum, and Cardano experienced declines between 2-5% before recovering in early Asian trading. Despite the weekend pullback, market sentiment remains optimistic, with analysts projecting Bitcoin could still hit the $100,000 target soon, driven by institutional demand from ETFs. Continued discussions around pro-crypto policies with prominent figures and steady gains in the stock market also fuel positivity about the market's trajectory into 2025.

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