Bitcoin Dropped, Altcoins Experienced Deep Losses

The Pressure on Bitcoin Continues

Bitcoin has fallen from 93,750 USD to 91,530 USD after failing to break the 94,500 USD level for the third time in the last five weeks. This decline signifies a return to December's trading range.

Sharp Declines in the Altcoin Market

Meanwhile, the broader altcoin market also experienced significant losses. PENGU lost 6.5% in value, while XRP dropped <%3.5>. Additionally, memecoins and privacy-focused cryptocurrencies ranked among the worst-performing sectors.