Bitcoin's price surge halted at nearly $106,000, and it experienced a sharp decline to below $101,000 before a slight recovery.
Most altcoins are in the red today after recent gains, notably hit by a significant drop in PI's price.
BTC soared to a four-month peak just under $106,000 yesterday following positive US-China trade developments but faced a bearish rejection.
XRP stands out with marginal gains, reaching around $2.5, while most other altcoins have corrected, resulting in the total crypto market cap decreasing by nearly $100 billion.