Altcoins Stage Comeback Amid Bitcoin’s Tumble

Bitcoin witnessed a significant price drop, reaching its lowest point in nearly five months last Tuesday. The crash followed the US Fed’s interest rate cut, dropping it below $100,000 and prompting a bearish market sentiment. However, several altcoins, notably ASTER and HYPE, showed impressive gains amidst this downturn, leading to an overall rebound in the crypto market. Bitcoin rebounded slightly, settling above $101,000 as of press time.