Bitcoin Drops Below $105K Mark, Altcoins Follow Suit (Market Monitoring)

Bitcoin's price experienced a disappointing downturn in the last day, now sitting lower than $105,000. This follows a short period of growth, where it reached a record high of nearly $112,000 two weeks ago. Altcoins have also seen larger losses, with AVAX, UNI, HYPE, XMR, and ENA among those significantly affected.

Despite several attempts to recover towards $106,000, Bitcoin has remained below $105,000. Its market capitalization sits at $2.080 trillion, and it holds a dominance over altcoins at 61%. Altcoins such as Avalanche, UNI, and XMR have also faced significant losses, with the combined market capitalization of all cryptocurrencies falling by more than $30 billion, now below $3.410 trillion.