Bitcoin Bounces Back Following Drop Below $108K, Ethereum Holds Steady at $2.6K (Market Analysis)

Bitcoin's value dipped to $107,500 on Monday evening, but has since regained most of its value, currently standing around $109,500. Last week, Bitcoin made history by surpassing its January 2025 all-time high of $109,100, reaching a fresh peak near $112,000.

However, market uncertainty due to tariff recommendations against the EU led to a drop back to $107,500. Meanwhile, most altcoins have seen some losses with the exception of Ethereum, which has held steady at $2,600. The crypto market cap has largely remained unchanged, hovering around $3.570 trillion.

Bitcoin's current market cap is close to $2.180 trillion, and it maintains dominance over altcoins with a 61% share.