Bitcoin Slump Extends; Privacy Coins Soar Amidst Altcoin Correction

Bitcoin’s price has experienced a significant downturn this week, falling below $104,000 and marking its lowest point since late June. This dip follows a period of volatility where the asset failed to break through resistance at $116,000 before retreating. The crypto market witnessed a wider correction, with most altcoins experiencing substantial losses except for privacy coins, which saw impressive gains.