Bitcoin has experienced significant volatility in the last 24 hours, dropping from $99,500 to currently trading at $92,400. This 7% decline follows a record-breaking rally earlier this week. Trading volume has surged by 35% compared to the 7-day average, indicating increased market activity.
Ethereum has shown resilience against a broader market downturn, only down 3.2% to trade at $6,850, which may be attributed to rising activity in the DeFi sector and upcoming protocol upgrades. In contrast, some Layer-1 alternatives have experienced double-digit percentage declines.