Bitcoin peaked at $86,500 but fell to $83,000 due to selling pressure, while altcoins also faced losses, particularly Pi Network which dropped 16%. It’s noteworthy that total market capitalisation fell by $70 billion to $2.73 trillion.
Bitcoin experienced significant price fluctuations recently, reaching a peak at $86,500 before encountering strong selling pressure, resulting in a decline of approximately $3,000. Other cryptocurrencies also faced losses, with major altcoins such as SOL, ADA, SUI, AVAX, and HBAR exhibiting the most substantial declines.
