Market Watch: BTC Returns to $108K as HYPE Dips by 5%

Bitcoin's price briefly rose to nearly $110,000, before declining once more to $108,000. This fluctuation in value has been a constant during this calm summer consolidation phase. It appears to be currently stable at $108,000, with its market cap at $2.150 trillion and a dominance over other altcoins on CoinGecko of 63%. Meanwhile, major altcoins are experiencing a downturn, with HYPE seeing the most significant drop of almost 5% on a 24-hour scale.

This drop has brought the altcoin's value below $38. Despite these losses, the total crypto market cap is still substantial at $3.420 trillion, albeit a decrease of around $20 billion since the previous day.