The bitcoin price fell into decline on Monday after achieving an all-time high above $7,600 the previous day. Many altcoins experienced price increases, but their combined progress was not enough to prevent the total cryptocurrency market cap from dipping below the $200 billion mark.
The crypto market cap began the day just north of $200 billion and continued to climb, reaching $202 billion on Sunday afternoon before reversing course and dropping as low as $195 billion at approximately 5:00 UTC on Monday morning. From there, the crypto market cap achieved a moderate recovery, bringing it to a present value of $199 billion.
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