Bitcoin Slumps Below $107,000 as Altcoins Struggle in Volatile Week

This past week witnessed a dramatic drop in Bitcoin’s price, causing the primary cryptocurrency to revisit its previous support level around $106,000 after initially climbing above $116,000. The market experienced significant volatility, prompting a rapid reversal from gains made on Tuesday after experiencing some initial recovery following the Friday crash. 8% lost in value over the week for BNB and other notable altcoins.