Bitcoin Slumps Below $108K as Ethereum Attracts Whale Investments

Bitcoin experienced a significant decline below the $108,000 mark as investor sentiment shifted, leading to increased market volatility. This drop coincides with a substantial transfer of over $3.8 billion from Bitcoin into Ethereum by a prominent crypto whale. The move represents one of the largest BTC-to-ETH transactions this year and raises questions about potential shifts in market dominance between these two cryptocurrencies.