Cryptocurrency markets experienced a pullback after Thursday’s significant gains, as bitcoin (BTC) dipped by around 2% in the past 24 hours, accompanied by more notable declines in the altcoin sector.
Bitcoin and Ether’s Price Movements: Bitcoin reached a low of $29,679 on Monday afternoon and saw a slight rebound to $29,900 at the time of writing.
Ether, the second-largest cryptocurrency, also experienced a 2% decline, dropping to $1,880 over the past 24 hours.
Altcoin Declines: Smaller cryptocurrencies, commonly referred to as altcoins, suffered more significant losses.
Ripple’s XRP, which led the rapid surge following a partially favorable court ruling involving the U.S. Securities and Exchange Commission (SEC), experienced a 4.4% decline within the last 24 hours.
Similarly, SOL and XLM, the native tokens of the Solana and Stellar networks respectively, both shed over 4% during the same period.