Bitcoin’s Price Drop Sparks New Market Uncertainty for Altcoins

A significant downturn in Bitcoin’s price following the start of US trading hours has pushed its value below the crucial $105,000 mark. This fluctuation poses considerable challenges for other cryptocurrencies as they navigate shifting market dynamics. While a recent rebound offers some hope, sustained prices above $104,500 are vital to solidify Bitcoin’s current position. The ETHBTC pair also faces significant hurdles in this evolving landscape.