Leading Cryptocurrencies Fell Sharply Sunday Evening Amid the Launch of Meme Coins Tied to President-elect Donald Trump and His Family

Bitcoin plummeted from $106,180 to $99,622 in three hours, eroding $130 billion worth of investors' wealth.

Leading cryptocurrencies took a hit Sunday evening, as the launch of meme coins tied to President-elect Donald Trump and his family grabbed attention.

Bitcoin dropped from $106,180 to $99,622 in three hours, eroding $130 billion worth of investors' wealth.

Bitcoin began the last quarter of 2024 with a bang, rallying past the key resistance level at $92,000. The apex cryptocurrency went on to hit a new all-time high at $104,500 on January 5.

After failing to sustain itself above $100,000, Bitcoin slipped lower on January 12. The world’s largest cryptocurrency dropped to a low of $95,434 on January 18, before recovering slightly.

Bitcoin price movements in 2024: What to expect next

Bitcoin began 2024 on a strong note, rallying sharply from a low of $83,000 in December 2023. The apex cryptocurrency went on to hit a new all-time high at $92,000 in March.

Bitcoin dropped sharply in the second quarter of 2024, falling to a low of $80,000 in June. The cryptocurrency recovered in the second half of the year, rallying to a high of $95,000 in October.

Bitcoin closed 2024 up over 200% from the previous year, despite the volatility and sell-offs seen throughout the year.

As 2025 approaches, several analysts and traders are keeping a close eye on Bitcoin’s price action at key levels. Here's what to expect from BTC in 2025.

Bitcoin price movements in 2023: A quick recap

Bitcoin began 2023 trading around $63,000 after rallying sharply in H2 2022. The apex cryptocurrency went on to hit a new all-time high at $72,000 in February.

Bitcoin dropped sharply in the first half of 2023, falling to a low of $53,000 in June. The cryptocurrency recovered in the second half of the year, rallying to a high of $68,000 in October.

Bitcoin closed 2023 up over 100% from the previous year, despite the volatility and sell-offs seen throughout the year.