The cryptocurrency market is experiencing significant turbulence today, with Bitcoin (BTC) dipping below the $103,000 mark and major altcoins like $ETH (ETH), XRP, and Cardano (ADA) also facing downward pressure.The Crypto Times+1Pintu+1

📉 Bitcoin's Volatile Ride

Bitcoin, the leading cryptocurrency, reached an intraday high of $106,540 before retreating to its current price of $104,831. This fluctuation follows a volatile weekend where BTC spiked to over $107,000, driven by institutional trading activity as CME futures markets opened .CoinDesk+1Barron's+1

Despite the recent dip,$BTC Bitcoin remains close to its all-time high of $109,224.74 recorded on January 20, 2025 .Barron's

🔻 Ethereum and XRP Underperform

Ethereum (ETH) has seen a decline of over 5% today, trading at approximately $2,380 . Similarly, $XRP XRP is down by 3.32%, hovering around $2.33 . These declines are part of a broader market downturn affecting multiple altcoins.TradingViewFinger Lakes 1

🏛️ Regulatory Developments on the Horizon

The cryptocurrency market is also anticipating significant regulatory changes. The U.S. Senate is poised to pass the GENIUS Act, a landmark bill that would impose stricter regulations on stablecoins, including requirements for issuers to maintain liquid reserves and adhere to anti-money-laundering protocols .Barron's

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