The cryptocurrency market started the week with a decline, as Bitcoin dropped below the $100,000 level to $97,470. This led to a correction in most altcoins and resulted in over $567 million in liquidations, mainly from leveraged long positions in Bitcoin. Analysts suggest that this correction in altcoins occurred at a critical resistance point in the altcoin market cap chart. Additionally, the oversold relative strength index (RSI) for Bitcoin dominance indicates potential pain for altcoins. At the time of writing, Bitcoin is trading at $97,546.



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