While Altcoins Experience Significant Drops, Bitcoin (BTC) Holds Steady Above $103K (Market Overview)

Bitcoin's price briefly dropped below $103,000, but quickly recovered, with the cryptocurrency managing to maintain a relatively stable range of between $102,500 and $104,000.

This resilience is attributed to the US and China's trade deal, which led to a significant rise in Bitcoin's value.

Meanwhile, several altcoins experienced major losses, with Pi Network's token dropping by 20%. Other altcoins like ETH, DOGE, SHIB, and LINK also saw declines, contributing to a $70 billion decrease in the total crypto market capitalization. Despite these fluctuations, Bitcoin's market cap remains above $2.05 trillion and its dominance over altcoins has increased by over 0.5% to 60.4%.