Bitcoin Volatility Shakes Up Cryptocurrency Landscape

Bitcoin’s recent price fluctuation has triggered a new set of dynamics within the cryptocurrency market, affecting altcoins and highlighting their struggle to adapt amidst this volatility. Despite Bitcoin’s swift recovery following yesterday’s dip, it currently struggles to hold above $104,500. This has ripple effects on the ETHBTC pair, which experienced its longest decline ever in 2022. This downward trend is starting to show signs of improvement, with support levels at the 0.023 BTC mark and potential for a rebound towards the 0.084060 range.