Bitcoin's price has dropped by over $3,000 since briefly reaching $100,000. Altcoins are also experiencing significant declines in price. Bitcoin experienced a correction after reaching a new all-time high of over $108,000, losing more than $16,000 in just three days. Although there was a brief recovery, bitcoin's price has resumed its downward trend. The cryptocurrency market as a whole has seen a decline in market capitalization, with losses of up to 11% for certain altcoins. The total crypto market cap has dropped by $100 billion in a day, currently standing at $3.460 trillion.



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