Bitcoin experienced a downturn over the weekend, falling below $83,000 before rebounding slightly. Many altcoins saw significant losses last week, with XRP and ETH from large-cap cryptocurrencies leading the way. 20% drops were observed in both PI and HYPE coins throughout the past week. While Bitcoin struggled at $84,000 last weekend, it eventually reached a high of $88,800 before losing momentum. The price then slipped to under $83,000 on Friday, followed by a drop to its 12-day low of $81,600 on Bitstamp Saturday. Despite the recovery, the cryptocurrency is currently in the red for both daily and weekly periods. Its market capitalization has fallen below $1.63 trillion on CG, while dominance over other cryptocurrencies has decreased to 59%. 59% of the total market cap belongs to Bitcoin. The article provides a detailed analysis of the week’s performance for various altcoins like Ethereum (ETH), XRP, and Binance Coin (BNB) amongst others. The weekly charts for various cryptocurrencies have shown significant losses. For instance, Ethereum is down over 8%, while XRP has dropped by 9% despite the lawsuit closure against the US SEC. Other notable losses include a 3-7% decline in BNB, SOL, ADA, TRX, LINK, XLM, HBAR, DOT, and LTC. The total cryptocurrency market cap fell below $2.8 trillion last week, indicating a loss of over $200 billion since hitting its peak on Monday.