Altcoin Crash Hits Market, Bitcoin Holds Steady Despite Profit-Taking

The cryptocurrency market experienced notable losses in the past 24 hours as investors locked in profits. While top players like Bitcoin saw only modest declines, many altcoins suffered steep drops. Leading the decline are Dogecoin (DOGE) and Cardano (ADA), which saw falls of over 3% each. Chainlink (LINK), Avalanche (AVAX), Hyperliquid (HYPE), and Sui (SUI) also witnessed significant price drops between 4% and 5%. Bitcoin’s resilience continued to provide a buffer, with only a small dip of around 0.8%, maintaining its stability above $105,000. This relatively stable environment for Bitcoin serves as a positive point in this market downturn.