Crypto Market Cap Dips Below $4 Trillion After Record Week of Gains

The total cryptocurrency market capitalization dropped to $3.9 trillion on Monday, ending a week of record highs for the industry. The decline was primarily driven by Bitcoin and Ethereum shedding 2.2% and 4%, respectively. Both assets saw massive gains last week, with Bitcoin breaking its new all-time high of $125,514 just four days prior, while Ethereum came within $100 of its November 2021 record.