Despite a positive turn in the U.S.-China trade deal and favorable consumer price index (CPI) numbers, Bitcoin’s price failed to sustain gains, falling over $2,500 from its peak near $110,000. This decline marks a drop for both bitcoin and altcoins, with most seeing substantial losses on the day. [Insert link to source of chart data if possible.] The primary cryptocurrency reached a new all-time high briefly before encountering selling pressure. After being stopped at $110,000 by market forces, bitcoin’s price has dropped significantly and now trades around $108,000. [Insert chart data or link if possible.] Meanwhile, the altcoin market is also experiencing losses, with Ethereum (ETH), XRP (XRP), DOGE (DOGE), and several others seeing significant declines in value today. On the other hand, most notable gains are seen in SPX and JUP. [Insert chart data or link if possible.] The total crypto market cap also experienced a decline of over $70 billion to currently stand at around $3.510 trillion. Crypto Market Overview