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Altcoins Retrace Again as Bitcoin (BTC) Price Loses $105K Level (Market Watch)

  • Bitcoin's price fell below $105,000 in the last 24 hours, while altcoins like AVAX, UNI, HYPE, XMR, and ENA experienced even larger losses.
  • BTC reached an all-time high of nearly $112,000 two weeks ago, but has since retraced, hitting a 12-day low of $103,100 after facing resistance at $106,000.
  • Altcoins, including Avalanche, UNI, and XMR, saw significant drops in value, contributing to the overall decline in the cryptocurrency market capitalization by over $30 billion.
  • Bitcoin's market capitalization is now at $2.080 trillion with a dominance over alts at 61%, while the total cryptocurrency market capitalization stands below $3.410 trillion.

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