Bitcoin Dips Under $120K, Certain Altcoins Experience Greater Declines: Financial Analysis

In the past 24 hours, Bitcoin's price has fallen, dropping below $120,000, but it still remains positive on a weekly basis. Despite reaching nearly $2.5 trillion in market capitalization, Bitcoin was unable to maintain the momentum and saw a decline. It's worth noting that the upcoming release of the US Consumer Price Index report could result in further volatility in the crypto market. Meanwhile, Ethereum held steady around $4,300 with a significant 45% monthly increase.

However, many other altcoins saw notable decreases, with Story, Bonk, and Pudgy Penguins dropping by double digits. As a result, the total crypto market capitalization fell to $4.04 trillion, constituting a 2% decrease from the previous day.