The crypto market is once again facing a rough correction. While Bitcoin failed to hold the key $105,000 support level, altcoins have taken even sharper hits. Investor sentiment is turning cautious — and for good reason.
📉 Bitcoin Under Pressure
Bitcoin (BTC) has shed more value in the past 24 hours, currently trading below the $105,000 mark. Just recently, during Bitcoin Pizza Day celebrations, it was pushing new all-time highs near $112,000. Since then, it has been steadily sliding, struggling to stay above $110,000, as bearish pressure mounts.
The most dramatic drop came over the weekend, when BTC fell to $103,100 — a 12-day low. Attempts to recover toward $106,000 followed, but the market couldn’t sustain the momentum. As of now, Bitcoin remains under $105,000, with a market cap of approximately $2.08 trillion.
Bitcoin dominance has climbed back to 61%, as altcoins suffer even more heavily.
🩸 Altcoins in Deep Red
The altcoin sector is showing even more pain than Bitcoin. Avalanche (AVAX) dropped over 5%, hovering just above $20. Uniswap (UNI) followed with similar losses, while Monero (XMR) plummeted more than 8%.
Other major altcoins also suffered — DOGE, LINK, HYPE, ADA, SUI, and XRP all posted daily losses between 1–3%.
The total crypto market cap has dropped by over $30 billion since yesterday and now sits below $3.41 trillion, according to CoinGecko data.
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