Bitcoin Plunges, Triggering Losses Across the Altcoin Market

Bitcoin experienced a dramatic price swing last weekend, witnessing an unexpected spike followed by a sharp decline that saw it drop nearly $5,000 in a matter of hours. This volatility triggered significant losses across the cryptocurrency market as many altcoins witnessed substantial declines. 24-hour data reveals Ethereum traded down almost 4.5% to $2,400 after encountering a similar rejection.