XRP saw a 3% drop in the past 24 hours, leading declines among major cryptocurrencies while bitcoin (BTC) began the holiday week on a downward trend. Metaplanet, a Tokyo-listed company, made a significant acquisition of 619.70 BTC, increasing its total holdings by 54%. Despite this noteworthy purchase, sentiment for bitcoin remained low, contributing to its first weekly loss since early November. The overall cryptocurrency market also experienced declines, with assets like ether (ETH) and Cardano’s ADA down by as much as 2%. Market analysts are expressing caution as the holiday season approaches, suggesting potential further declines due to recent profit-taking and a tougher stance from the Federal Reserve. Some foresee a possible dip into the $70K range for BTC, although the $90K level may be seen as an attractive entry point for buyers.

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