Bitcoin experienced significant volatility in the past 24 hours, dropping from $99,500 to currently trading at $92,400. This 7% decline follows a record-setting rally earlier this week. Trading volume has surged by 35% compared to the 7-day average, suggesting heightened market activity.
Ethereum has shown resilience against the broader market decline, losing only 3.2% to trade at $6,850, potentially due to growing activity in the DeFi sector and upcoming protocol upgrades. In contrast, several Layer-1 alternatives have experienced double-digit percentage drops.