Bitcoin Stumbles, Altcoins Cry Out in Pain – A Wild Ride of Losses!

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Ah, the delightful world of Bitcoin, where excitement comes in the form of sharp drops and abrupt rises. In the last 24 hours, the majestic BTC has lost a bit of its luster, dropping below $105,000, proving once again that it’s not the most reliable party guest. 🙄

But wait, it gets better. The altcoins, those sprightly little siblings of BTC, have taken an even harder fall. AVAX, UNI, HYPE, XMR, ENA – basically, every coin that doesn’t have “Bitcoin” in its name is looking rather glum at the moment. Think of them as the ones who show up to the party, only to find the snacks are all gone and the music stopped playing. 🍿💸

Bitcoin Falls Beneath $105K – Again

Just two weeks ago, Bitcoin was doing the cryptocurrency equivalent of jumping off a cliff in a cape – a new all-time high of $112,000. Everyone cheered, there was confetti, and then… well, then it immediately started coming back down. 🕳️

It was like watching someone try to leap across a river, only to get a little too excited and belly-flop in the middle. At first, it hovered around $110,000, like a confused bird trying to figure out where to land. But last week, it hit a rather violent headwind and plummeted. By Saturday, it was all the way down to a 12-day low of $103,100. Ouch. 😬

Thankfully, a few brave souls (possibly wearing capes) stepped in to save the day. Bitcoin managed to do a little recovery shuffle, trying to break $106,000 a few times. But alas, the rejection was swift and unforgiving, and here we are, back below $105,000, trying to figure out what happened. 🎢

Its market cap has now dipped to $2.080 trillion, a paltry sum in the grand scheme of things, while its dominance over the altcoins has returned to a rather smug 61%. What a rollercoaster. 🎢💥

Altcoins Take a Dive – Cue the Dramatic Music

Meanwhile, the altcoins are having their own crisis of confidence. While Bitcoin was busy doing its dance, the altcoins were, well, just kind of… losing value. Avalanche? Down over 5%. UNI? The same. XMR? Ouch, more than 8%. These poor coins might be questioning their life choices right about now. 😭

Other big names like HYPE, DOGE, and LINK are also deep in the red, looking like they just found out their favorite TV show got canceled. Even ADA, SUI, and XRP couldn’t escape the madness, losing up to 2%. 📉

And here’s the kicker: the entire crypto market has shed more than $30 billion since yesterday. If you’re keeping score, that’s one mighty big drop. The total market cap is now a mere $3.410 trillion, which, in cryptocurrency terms, is still a lot of zeros, but it’s less than it was a day ago. 🤷‍♂️

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2025-06-05 10:50